24
May
16:56
JSW March-quarter exports rise, foresees higher fiscal-2020 output
JSW Steel has given crude steel production guidance of 16.95 million tonnes for the fiscal year through March 2020 (FY20), which would be up 1.5% on actual FY19 output. Saleable steel sales are estimated up 1.5% to 16mt, Kallanish notes.
JSW expects 6.5-7% steel demand growth in India in FY20. However, volatility in crude oil prices poses a risk to inflation, while tight liquidity and lack of credit availability remains a source of risk, JSW says.
The steelma…
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Anonymous
Very good overview of the weekly steel market.
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