14
Feb
20:49
Bhushan Steel continues to lose money
Whoever wins the race to acquire troubled Indian steelmaker Bhushan Steel will need a deep financial understanding and even deeper pockets, Kallanish notes.
The cold rolling specialist has posted its results for the third quarter of its 2017-18 financial year and continues to make a heavy after-tax loss. This is primarily because of continuing hefty finance costs which alone have removed any chance of operating profit every quarter since the company’s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous