06
Nov
13:42
Jindal Shadeed boosts sales in September quarter
Jindal Shadeed increased steel sales 8% on-year in the second fiscal quarter through September to 400,000 tonnes. Crude steel production was up 9% to 410,000t, according to Indian parent company Jindal Steel & Power (JSPL).
The Oman-based steelworks’ Ebita, however, plunged -65% in the quarter to $16 million.
In the six months through September Shadeed’s production fell -1% on-year to 800,000t, while sales were down -13% to 780,000t.
S…
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Anonymous
Very good overview of the weekly steel market.
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