16
Aug
14:57
SAIL’s June-quarter deliveries, profit plunge amid output surge
Steel Authority of India (SAIL)’s crude steel production surged 15% on-year to 4.33 million tonnes in the June fiscal quarter (FQ1) against 3.77mt produced a year ago. Despite an increase in output, the company’s sales fell 5% in FQ1 on the back of higher input costs and subdued market demand, Kallanish notes.
“The first quarter of FY23 [fiscal year ending 31 March 2023] saw twin challenges of higher input costs and subdued market demand, both gl…
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Anonymous
Very good overview of the weekly steel market.
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