The four quarter of 2016 (fiscal year three in the 2016quarter), the world's major economies, the economic growth than expected,stimulating steel demand growth, while the international market, a slightreduction in steel supply, supply and demand balance moderate improvement. Byincreasing the cost of steel raw materials, steel prices continued to recoverin the international market. Although the third quarter's operating performanceof Tata Steel Europe declined, but the operating performance of Indiadepartments and departments to improve the Southeast Asia, Tata Steel, tax,depreciation and amortization (EBITDA) a substantial increase of 18.6% to 35billion 500 million rupees, an increase of up to 321.6%.EBITDA by the secondquarter of 10 billion 350 million rupee fell sharply to 6 billion 100 millionrupees, which is mainly affected by the steelmaking raw materials and energycosts increase, but benefit from the devaluation of the pound against the euro,the international steel market and under the British business costs down,EBITDA from the 2015 fiscal year three quarter loss of 7 billion 570 millionrupees to profit. The EBITDA increase is higher than the revenue growth rate ofEBITDA by pulling, the second quarter of 3.5% increased to 6.4% per ton ofEBITDA from the second quarter of 1071 rupees to 1952 rupees.
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