11
Feb
09:20
SAIL posts first quarterly profit for three years
The Steel Authority of India Limited (SAIL) has returned to profit after ten consecutive loss-making quarters. The state-owned steelmaker also saw many of its other operational indicators improve both quarter-on-quarter and year-on-year in its results for the 3-month period ending 31 December 2017.
SAIL had been quietly improving its on-year performances through 2017 and these have culminated in its first positive quarterly result since 2015. Early last year the…
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Anonymous
Very good overview of the weekly steel market.
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