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.
steel companies
December 2022
November 2022
October 2021
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 Steel to spend ₹28,000 crore for expansion
Company to raise debt from global bond markets, export credit agencies and domestic banks.
