Care Ratings: Indian Steel Industry On Recovery Path 
A finished steel coil is lifted and moved at the plant (Photographer Allison Farrand/Bloomberg)

Care Ratings: Indian Steel Industry On Recovery Path 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

Indian steel industry has staged strong recovery in the last few months on the back of improving domestic demand.

Steel consumption grew by 96% in September quarter compared to June quarter.

Production of crude steel rose by 59% QoQ in Q2 FY21. The industry also managed to significantly lower the YoY fall in Q2 FY21, signalling return of normalcy in the sector.

Crude steel production fell by just 7% YoY in the September quarter, compared to 43% YoY fall in the June quarter.

Click on the attachment to read the full report:

Care Ratings Steel Sector Update.pdf

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