29
Nov
16:31
JSPL expects cost pressure, March-quarter price recovery
Jindal Steel & Power (JSPL) expects pressure on margins from increased iron ore, coal and electrode costs, while steel prices should recover to the levels seen between the second and third quarters of 2017.
JSPL plans to start in mid-December the basic oxygen furnace at its recently-commissioned Angul steelworks and ramp up the plant’s output in the fourth fiscal quarter through March 2018 (FQ4). This will help reduce JSPL’s costs and prop up Ebi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous