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Large steel players made gains in FY21

14 Jun, 2021 by 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.

The improvement was driven by supply-chain efficiencies, higher exports, and captive mines.

Large steel makers also benefited more from the rally in steel prices, given the dominance of flat steel in their portfolio.

Source: The Financial Express