01
Feb
16:53
Sail foresees further post-lockdown demand recovery
The rapid post-Covid-19-lockdown recovery in demand in steel-using sectors in India helped boost Steel Authority of India (Sail)’s performance in the third fiscal quarter through December 2020 (FQ3). Government infrastructure spending is meanwhile lifting steel demand in the country.
Sail’s FQ3 revenue rose 19.6% on-year to INR 19,614 crores ($2.68 billion), and the firm turned to a net profit of INR 1,283 crores versus a year-earlier loss of INR 430 c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous