12
Feb
15:40
GIL reports sales drop, sees electrodes prices rebounding
Needle coke prices have started to stabilise and may increase in line with graphite electrode pricing in the coming quarters, says Graphite India (GIL). The suspension of Indian scrap import duty is seen boosting electric arc furnace output in the country.
The firm saw net sales fall -22% on-year in the December quarter to INR 499 crore ($68.7 million). However, it turned to a net profit of INR 23 crore versus a year-earlier loss of INR 356m, boosted by a one-tim…
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Anonymous
Very good overview of the weekly steel market.
Anonymous