14
Jul
13:01
Tata Metaliks fiscal-first-quarter sales, profit rise
Tata Metaliks’ sales rose 136% on-year to 139,000 tonnes in the fiscal first quarter ended June 2021. The company also reported a net profit of INR 94.72 crores ($12.71 million) during the period against a loss of INR 12.36 crores last year.
“Demand for pig iron (PI) got impacted adversely in Q1 due to the Covid second wave as major foundry clusters operated at 30-40% capacity. However, the company achieved highest ever quarterly pig iron deliveries of…
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Anonymous
Very good overview of the weekly steel market.
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