Prolonged Steel Cycle - Healthy Ebitda Of Above Rs 20,000/tonne In FY22 To Support Deleveraging: CareEdge

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..CareEdge Research Report.Global steel industry has demonstrated strong momentum during calendar year 2021 continuing a very strong upcycle which started from mid of calendar year 2020 as reflected by recovery in consumption and a very sharp uptick in prices. There has been some moderation in global steel prices in the recent months attributable to a slowdown in Chinese steel production and consumption and resultantly sharp correction in seaborne iron ore prices. However, the domestic hot-rolled-coil steel prices continue to remain elevated above Rs 60,000 per tonne on the back of healthier domestic demand and surge in coking coal prices thereby evading the discount vis-a-vis global steel prices. Elsewhere, China has reported sharpest decline in consumption and correction in prices due to slowdown in the real estate market, fading of impact of last year’s stimulus package and country’s ongoing quest to decarbonise and deleverage the economy..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Prolonged Steel Cycle - Healthy Ebitda Of Above Rs 20,000/tonne In FY22 To Support Deleveraging: CareEdge

Prolonged Steel Cycle - Healthy Ebitda Of Above Rs 20,000/tonne In FY22 To Support Deleveraging: CareEdge

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