The March quarter results of Steel Authority of India Ltd (SAIL) have quite a few bright spots. For one, its Ebitda per tonne surged a massive 3.2 times year-on-year to Rs.14,145 helped by better realisations as well as volumes.14 Jun, 2021 - Special Correspondent
Large steel makers took huge strides in terms of their performance in the last fiscal, increasing their market share by 500 basis points (bps) on-year to 58?spite their share of industry capacity remaining unchanged.14 Jun, 2021 - Special Correspondent
Four multinational steel manufacturers – Hyundai Steels, POSCO, Tsingshan Holdings and JSW Steel – are among 49 big corporates that have evinced interest in setting up their units in the State.
This week has made it painfully clear that their plan to drive down the price of Australia’s number one export has backfired — and now they’ve been hit with another devastating supply issue that is likely to drive prices up even further.