27
Jul
12:49
Infrastructure, housing spending seen supporting Indian steelmakers
Indian steelmakers’ performance should remain strong in the fiscal year through March 2019 (FY19). This is thanks to robust steel consumption driven by government spending on infrastructure and housing, and a modest recovery in the private capital expenditure cycle, according to India Ratings & Research (Ind-Ra).
A likely improvement in capacity utilisation rates would result in increased operating profitability, due to better absorption of fixed …
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