India's Tata Steel says avg iron ore & coal prices moved up $50/MT in Q2

India's Tata Steel, the world's seventh largest steelmaker,
saw an increase of $50/MT on average in prices of key raw materials iron
ore and coal in the September quarter, a senior official told reporters on
Thursday.

However, Steel prices fell by $30 a tonne on average in
Europe during the period, its Chief Financial Officer Koushik Chatterjee said
on the sidelines of an earnings press conference.

“ Earlier,
the firm reported a 89 percent fall in second-quarter consolidated net profit because
of higher raw material prices,” Chatterjee added.