28
Sep
17:09
Steelmakers prop up Indian corporate earnings
Steel producers propped up earnings among Indian corporates in the second fiscal quarter through September, according to credit rating agency Crisil.
Revenues of corporates are expected to grow 12.1% on-year in the quarter, nearly double the 6.4% growth seen in the year-earlier quarter.
“To be sure, aggregate operating margins would be up 5-10 basis points in the second quarter, but this would be primarily because of the performance of steel makers,&rdq…
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Anonymous
Very good overview of the weekly steel market.
Anonymous