15
Nov
10:11
Vedanta steel sales increase, iron ore shipments soar
Electrosteel Steels reported a 6% on-year increase in sales in the second fiscal quarter through September (FQ2) to 283,000 tonnes, although margin slumped -75% to $23/tonne due to softening Indian steel prices. Production was down -5% to 270,000t, Kallanish learns from parent company Vedanta.
TMT bar sales were more or less flat at 100,000t but wire rod shipments dropped -12% to 93,000t. Billet sales quadrupled to 16,000t and ductile iron pipe sales surged 53% …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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