Steel industry's operating profits to contract 45-50% in FY23: ICRA
Indian steel companies face a bumpy road ahead as the external environment becomes more challenging due to elevated inflation, energy prices and rising interest rates.
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Commodity Bloc Vs Currency Bloc
US-led dollar bloc uses policy tightening to hit back at commodity producers led by Russia. Indian economy feels the heat.
Govt scraps export duty; here’s how steel stocks reacted
Shares of JSW Steel, Hindalco, Tata Steel, Jindal Steel & Power dropped up to 2% even after the government rolled back export duty on steel and iron ore products.
Steel cos post 75-90% decline in EBITDA
The EBITDA per tonne of steel companies declined primarily due to steep fall in steel prices
JSW cuts capex plan 25% due to global quotas, duties distortion
Waning demand of steel in global market forces JSW Steel to cut capex by 25% in current fiscal.
JSW’s Contrarian Bet Maker
Sajjan Jindal took his company places by acquiring struggling companies during market downturns and focusing on costs and exports.
Sensex, Nifty to fall; Infosys, JSW Steel, Bharat Forge, Adani Transmission, PVR shares in focus
The Sensex and Nifty are poised to open sharply lower, in line with global equities as higher-than-expected U.S. inflation stoked fears the Fed will raise rates aggressively.
Sensex, Nifty to open in green; RIL, NDTV, JSW Steel, TCS, Vedanta, HDFC Life shares eyed
The Sensex and Nifty are poised to rise, in line with global peers and strong trends on SGX Nifty futures.
JSW Steel Q1 results: Profit tanks 86% to ₹839 crore
The company's revenue from operations jumped 31.8% year-on-year to ₹38,086 crore.
India's steel exports to fall 25% in FY23: ICRA
Steel companies are now staring at a significant decline in earnings over the next twelve months.
