27
Feb
10:33
Slow growth, ore costs pressure Indian steel: Ind-Ra
India Ratings and Research (Ind-Ra) has revised its outlook on the steel sector for the fiscal year through March 2021 (FY21) to negative from stable-to-negative. This is due to the modest steel demand growth expectations of 5% and margin pressures led by iron ore price risks.
High iron ore premiums for new mine owners – both captive and merchant – could shift the cost positions of steel mills.
Slow GDP growth projections by Indian standards of 5% in …
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Anonymous
Very good overview of the weekly steel market.
Anonymous