09
Jun
13:37
Steel output, inventory normalisation support electrode prices: HEG
HEG says graphite electrode prices should start firming up from the next quarter. This comes as increased steel production and mills’ electrode inventory normalisation have boosted electrode demand and increased the firm’s capacity utilisation.
The firm’s revenue in the fiscal year through March 2021 fell 42% on-year to INR 1,256 crores ($172.2 million) and it reported a net loss of INR 25 crores versus a year-earlier profit of INR 53 crores. It …
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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