14
May
01:00
Sail ebitda seen up in 2015, but Indian steel struggling with overcapacity and imports
Higher value-added product sales and increased post-expansion production will boost Steel Authority of India (Sail)’s ebitda/tonne to INR 5,500-6,000 ($86-94) in fiscal year (FY)16, which runs through March 2016. Lower input costs and declining coking coal prices will also have a positive effect says India Ratings & Research (Ind-Ra).
Sail is currently carrying out capital expenditure of INR 618.7 billion for the upgrade and expansion of its plants…
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Anonymous
Very good overview of the weekly steel market.
Anonymous