22
May
14:49
HEG foresees bright electrodes outlook as profit soars
HEG saw revenue surge almost five-fold in the fourth fiscal quarter through March to INR 1,292.45 crores ($189.9 million). It also turned to a INR 634.01 crores net profit versus a INR 3.42 crores loss a year earlier.
The Indian firm’s graphite electrode production ran at 84% capacity utilisation in the quarter. The majority of supplies were at quarterly contracted prices and “… the price trend remains healthy,” HEG says in a report seen…
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Anonymous
Very good overview of the weekly steel market.
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