07
Apr
16:46
Fitch sees improved JSW leverage, selling prices
Fitch expects JSW Steel's leverage to moderate, given the Indian producer has brought on line new capacity. The credit rating agency also foresees a gradual improvement in average selling price in the new fiscal year, which runs through March 2017, thanks to government measures to support domestic prices.
Fitch has nevertheless downgraded JSW Steel Limited's Long-Term Issuer Default Rating (IDR) to 'BB' from 'BB+'. The outlook remains Neg…
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Anonymous
Very good overview of the weekly steel market.
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