20
Mar
15:15
Essar Steel doubles utilisation, prepares DRI plants restart
Essar Steel says its steel capacity utilisation has doubled since last November to 70%, boosting ebitda margin to 18-20%. The Indian steelmaker is targeting 80-85% utilisation in the fiscal year through March 2017 (FY17).
Essar Steel expects to restart all its direct reduced iron plants in FY17. This comes after a gas price decline to $6/million BTU from $15/million BTU which has helped the company contain costs and improve margins.
The company also rece…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous