28
Jul
08:58
AMNS India’s production, sales fall on subdued demand
Low demand coupled with a maintenance shutdown impacted ArcelorMittal Nippon Steel (AMNS) India’s June-quarter crude steel production and deliveries. Output plunged 8.9% on-year to 1.67 million tonnes and deliveries plummeted 12% to 1.51mt.
The company’s Ebitda also plunged 22.3% on-year to $365 million during the period, Kallanish notes. This was due to lower shipments, including of iron ore pellet, following the introduction of India’s export d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous