Tata Steel evaluating exit options for SE Asia operations, says CEO

"Macro-economically as well the demand is strong in steel consuming market", he said.

When asked if the company would consider exiting South-East Asian business, he said, “We are always evaluating different option and South-East Asia is also part of that portfolio evaluation.”

When asked if they had plans to merge Tata Steel with Tata Sponge, Narendran said, "As of now it is between Tata Sponge and Usha Martin. We would look at other subsidiaries and see if there a need to put some of them together. As of now the thinking is to keep it as a separate vehicle and decide later."