14
Feb
00:00
Bhushan Steel's year - and results - go from bad to worse
Troubled Indian steelmaker Bhushan Steel saw sales grow year-on-year but fall quarter-on-quarter in the third quarter of its 2015 financial year ending 31 December. In a stock exchange announcement seen by Kallanish the company gave no comment on its results, as year-to-date losses continue to mount in Bhushan’s very own annus horribilis.
Third quarter sales rose by 2.2% y-on-y to INR 246,019 Lakh ($396.2m) but fell by -17% q-on-q. Net profit meanwhile…
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Anonymous
Very good overview of the weekly steel market.
Anonymous