20
Nov
12:05
Sail to hike exports after narrowing September-quarter loss
Steel Authority of India (Sail) plans to hike the share of exports in saleable steel production to 10%, targeting new markets such as Africa, the Philippines, Indonesia, Thailand, Sri Lanka and Bangladesh.
The state-owned Indian steelmaker reported a -2% on-year decline in shipments in the second fiscal quarter through September (FQ2) to 3.54 million tonnes. Revenue, though, rose 8% to INR 13,617.42 crores ($2.09 billion) and net comprehensive loss narrowed…
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Anonymous
Very good overview of the weekly steel market.
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