02
Dec
14:30
Indian steel leverage seen increasing, longs demand rebounding
The Indian steel industry’s leverage is expected to increase in the fiscal year through March 2020 (FY20) due to compressed Ebitda margins resulting from reduced steel prices and demand, and costlier raw materials. Ebitda has improved in the December quarter on firmer steel prices, but prices are unlikely to return to their FY-19 highs, according to India Ratings and Research (Ind-Ra).
Ebitda is likely to improve by INR 1,500/tonne ($21) in the December qu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous