04
Aug
11:08
JSPL cuts back on exports, domestic market recovering
Jindal Steel & Power Limited (JSPL) reported 29% on-year growth in standalone sales in July to 637,000 tonnes, with exports comprising 39% or 250,000t, the Indian steelmaker says. Production rose 13% to 603,000t.
This suggests the firm is cutting back on exports as domestic market demand recovers following the easing of India’s nationwide Covid-19 lockdown, as exports contributed to 58% of June-quarter sales, Kallanish notes. JSPL reported its highest-ev…
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Anonymous
Very good overview of the weekly steel market.
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