12
Apr
01:00
Higher sales, efficiency to boost Sail's performance, but weak demand remains risk: Fitch
Increased shipments and improving cost efficiencies following modernisation should boost Steel of Autority of India (Sail)’s performance “significantly” over the next two years, according to credit rating agency Fitch. A possible reduction in leverage from 2016, however, could be derailed by continued weak Indian steel demand growth.
Sail’s credit profile has deteriorated owing to delays in execution of its debt-funded expansion and m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous