A LEADING steel industry analyst has backed Greybull Capital's claim that the Scunthorpe Tata Steel works will be back in profit after the first year of trading under its new ownership.Alistair Ramsay, the research manager for Metal Bulletin, said: "The break-even basis today should mean that 'British Steel' will be profitable in the first year."Long Products prices, including sections/rail and rods, are rising and with them, margins over raw materials following a few years of...
