04
Feb
10:46
Jindal Shadeed boosts shipments, falling prices hamper profitability
Jindal Shadeed reported a 7% on-year increase in sales in the third fiscal quarter through December 2018 to 450,000 tonnes, while production was up 10% to 460,000t. However, falling global steel prices contributed to a -49% slump in Ebitda to $32 million.
Indian parent company Jindal Steel & Power expects the Omani and wider Middle Eastern economy to perform strongly going forward due to investment in infrastructure and non-oil-based industry.
Shadeed&rsq…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous