05
Aug
13:59
Costlier feedstocks, duties dent JSW earnings: Bloomberg Intelligence
Costlier steel raw materials coupled with lower steel prices and export-barring 15% duties has impacted the earnings of JSW Steel, says research firm Bloomberg Intelligence. The company expects the downturn to prevail in the fiscal year ending 31 March 2023 (FY23), Kallanish notes.
Bloomberg, however, expects duty withdrawal will help steel companies including JSW reduce their inventories and net debt after liquidity pressure in the June quarter.
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Anonymous
Very good overview of the weekly steel market.
Anonymous