10
Feb
09:27
AMNS India deliveries drop amid sluggish demand, rain
Sluggish demand, coupled with unseasonal rains and logistics disruption saw December-quarter steel prices drop in the Indian market, ultimately leading to production cuts by a majority of mills.
ArcelorMittal Nippon Steel India (AMNS India)’s crude steel production marginally dropped by 2% on-year to 1.85 million tonnes in the quarter. Deliveries slipped 3% to 1.73mt.
Despite a fall in deliveries, the company’s Ebitda grew 59% on-year to $435 million …
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Anonymous
Very good overview of the weekly steel market.
Anonymous