04
Mar
12:09
CLSA maintains cautious India steel outlook, lowers ratings
Brokerage company Credit Lyonnais Securities Asia (CLSA) reiterates a cautious outlook on the Indian steel sector in its latest research report. The firm downgraded the rating of Indian steel manufacturing majors Tata Steel and JSW Steel based on this outlook, Kallanish notes.
CLSA’s cautious stance is based on a few key points. The first is the sharp rise in the capacity addition of blast furnaces over the next three years, which will put pressure on sprea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous