26
Aug
16:54
Indian steel profitability improves with demand rebound: Fitch
Indian steelmakers’ Ebitda should improve from the September quarter, driven by higher volumes and wide margins, after a sharp fall in earnings in the June quarter, says Fitch Ratings.
The Ebitda drop was less than expected as steelmakers partly offset the sharp demand contraction in India with higher exports. However, Fitch expects leverage to remain high in the fiscal quarter through March 2021. The credit rating agency forecasts a sharp leverage…
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Anonymous
Very good overview of the weekly steel market.
Anonymous