26
May
15:01
Fitch foresees India shipments, profitability decline
Fitch says JSW Steel and Tata Steel’s standalone deliveries will each decline -6% on-year in the fiscal year through March 2021 (FY21) as a result of the Covid-19 pandemic impact. This, coupled with lower steel prices, will see Ebitda margin decline.
Volumes and margins will increase significantly in FY22 from a weak base, supported by a broader economic recovery, the credit rating agency predicts. It foresees Indian steel demand declining in FY21 compared w…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous