22
Jul
13:56
JSW advances shutdowns amid market volatility, slowed demand
Following the imposition of 15% duties on steel exports, Indian steel mills are facing sluggish sentiment, and limited domestic and export market demand for their production. The deteriorating market conditions and market volatility have pushed JSW Steel to advance its maintenance shutdowns in order to stem the oversupply and avoid booking losses.
This, however, lowered the company’s capacity utilisation – excluding Dolvi Phase-II – to 93% in the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous