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Three Things That May Turn The Tide For India’s Steelmakers
Here are the factors that may help Indian steelmakers turn a corner.
12 Aug 2020, 10:27 AM IST
India’s steelmakers finally have some good news, four months after the lockdown to contain the pandemic disrupted operations in the world’s second-largest producer of the alloy.The domestic mills are taking a cue from the recovery in automobile production, improving demand in China and Europe, cheaper raw materials and an increase in product prices. That even propped up their stock prices from the March low.Jindal Steel & Power Ltd. ...
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