04
Jun
12:13
Slowing consumption, costly coal seen hampering Indian steelmakers
Indian steelmakers’ performance is likely to be hampered in the first fiscal quarter through June by slowing domestic steel consumption growth and elevated coking coal prices, according to Indian credit rating agency ICRA.
Steel consumption growth slowed to 7.5% in the fiscal year through March 2019 (FY2019) from 7.9% the previous year due to liquidity and fuel price-related headwinds faced by the automotive sector. In April 2019 growth moderated further t…
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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