01
Feb
14:41
Vedanta steel sales fall despite record production
Vedanta group-owned ESL Steel (ESL) saw sales drop 7% on-year in the third fiscal quarter through December 2021 (FQ3) to 309,000 tonnes. Margins fell 35% on-year due to plant shutdown expenses but rose 125% on-quarter thanks to higher commodity prices.
The firm’s April-December sales reached 876,000t.
Hot metal and saleable steel production grew 2% and 3% on-year respectively in FQ3 to 379,000t and 350,000t, making it the best performance following ESL&rsqu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous