19
Nov
16:38
Weak demand hampers Sail outlook, margin rebound expected
India Ratings and Research (Ind-Ra) has revised Steel Authority of India (Sail)’s Outlook to Negative from Stable while affirming its Long-Term Issuer Rating at ‘IND AA’. The worsened outlook reflects Ebitda deterioration in the fiscal half-year through September due to subdued market demand and inventory pile up.
The credit rating agency expects margins to firm up in the second half-year due to a fall in input prices and inventory normalisatio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous