Indian steel companies see improved demand and profits in Q3, offset by rising debt.

A report by Centrum predicts improved demand and better profit margins for Indian steel companies in the third quarter of the current fiscal year. The improvement is attributed to the end of the monsoon season, rising long steel prices, and stable flat steel prices. Additionally, lower coking coal costs are expected to boost profitability. However, the report also notes an increase in net debt for these companies due to ongoing capital expenditure.

November 19, 2024
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