03
Jul
13:32
Godawari ramps up production, targets more exports
Godawari Power & Ispat (GPIL) says it expects to return to regular operations in the September quarter after operating at 60-90% capacity utilisation in the June quarter. Lower interest rates are seen reducing finance costs but Covid-19-pandemic-related disruption may impact profitability.
The firm increased iron ore pellet output 7% on-year in the fiscal year through March 2020 (FY20) to 2.69 million tonnes, while direct reduced iron output rose 8% to 494,955…
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Very good overview of the weekly steel market.
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