18
Aug
12:36
European recovery, Chinese restrictions lift JSPL profit: Sharma
Exports to a recovering European market, coupled with Chinese export restrictions, have helped Jindal Steel & Power (JSPL) post record profitability, says managing director V.R. Sharma.
JSPL’s net profit rose 967% on-year to INR 2,516 crore ($338.3 million) on the back of higher export realisation in the first fiscal quarter through June (FQ1). Higher sales volumes and an uptick in steel prices resulted in revenue rising by 63% to INR 10,609.50 crore (se…
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Anonymous
Very good overview of the weekly steel market.
Anonymous