01
Feb
09:34
JSPL profit surges amid lower costs, reduced shipments
Indian steelmaker Jindal Steel and Power (JSPL) reports its consolidated profit after tax surged by 272% on-year to INR 19.28 billion ($232.35 million) in its third fiscal quarter ended December (FQ3). The performance was attributed to improved net sales realisation (NSR), supported by a low base the previous year, Kallanish notes.
The improved NSR was aided by lower raw material costs, which partly offset lower volumes in FQ3, the firm notes.
FQ3 steel productio…
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Very good overview of the weekly steel market.
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