24
Nov
11:05
Fitch sees Indian steel profitability improving in 2017
Fitch expects Indian steelmakers’ high leverage to decrease meaningfully only by 2017 after most capital expenditure to increase capacities is completed. Global steel prices are seen remaining depressed in 2016, driven by weak demand and overcapacity, thus hampering producers’ profitability.
Steel imports into India should remain at a high level next year after increasing 41% on-year in the half year through September (H1FY16) to 5.4 million tonnes.
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Anonymous
Very good overview of the weekly steel market.
Anonymous