16
Nov
15:24
Troubled Bhushan Steel makes another quarterly loss
A significant part of India’s steelmaking sector remains in disarray with three major steelmakers involved in ongoing bankruptcy proceedings. One of these, automotive steel specialist Bhushan Steel, has just issued its second quarter results for financial year 2017-18 and the news remains bad, Kallanish notes.
The company has made continuous quarterly losses since 2014 and entered into India’s bankruptcy resolution programme in early summer 2017. It …
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Anonymous
Very good overview of the weekly steel market.
Anonymous