20
Aug
01:00
Growing finance costs wipe out Bhushan's profits
India’s Bhushan Steel has had a tough 12 months and the signs are that this will not improve anytime soon. The cold rolled and galvanised sheet specialist should be well-positioned to capitalise on India’s growing automotive market. However, Bhushan’s first quarter FY 16 operating results, monitored by Kallanish, show that this is not the case.
The company made a heavy loss both year-on-year and, more significantly, quarter-on-quarter in Q1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous