14
Nov
11:19
Ind-Ra lowers JSW outlook on weak demand, prices
India Ratings and Research (Ind-Ra) has affirmed JSW Steel’s Long-Term Issuer Rating at ‘IND AA’. However, the outlook is revised to negative from stable.
The outlook revision reflects Ind-Ra’s view of a higher-than-expected fall in Ebitda/tonne. Indian steel sector volumes will remain tepid in the fiscal year through March 2020 on the back of demand slowdown in key end-user segments, thereby impacting capacity utilisations and margi…
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Anonymous
Very good overview of the weekly steel market.
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