Reportedly, global steel giant Tata Steel’s profit after tax for the second quarter is seen down by 6% year on year to US$36.6 million, citing to the weakening EU market.

For India market, Tata Steel’s sales for the second quarter are seen to increase by 4% to 1.65 million tons, and the EBITDA margin is seen to at 8.9%.

Also, it is facing profit pressure in the European market, where average steel prices have declined by 7% quarter on quarter in the second quarter of the fiscal year 2012/13.