03
Sep
15:32
ICRA hikes India steel outlook on high earnings
ICRA has revised its outlook for the Indian steel sector from stable to positive, on the back of the strong financial performance of the steel industry in the fiscal second quarter through June (FQ2).
The credit rating agency had previously downgraded the rating to negative on a 20% on-year dip in steel demand owing to the Covid-19 outbreak in the nation, Kallanish notes. However, it then upgraded the outlook to stable on the back of improving demand and prices. T…
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Anonymous
Very good overview of the weekly steel market.
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