08
Dec
13:09
Price drop, costlier coal squeeze Indian margins: ICRA
The recent Indian domestic steel price downward correction has brought greater price parity with international values, after a prolonged period of Indian levels being at a premium to seaborne prices. This, coupled with higher raw materials costs, is likely to reduce Indian steel profit margins by 110 basis points in the second half of fiscal 2024 versus H1, says ICRA.
Accelerated Indian government infrastructure spending ahead of 2024 elections has ensured strong …
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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