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STEELMAKERS PROFITABILITY DECLINE
Softer domestic prices, rising input costs to weigh on steelmakers’ Q3 earningsSteel companies anticipate lower profits this quarter. Softening domestic prices and higher input costs are impacting earnings. However, no...- Steelmakers set for strong Q4 profit surge on price rise, dutyIndian steelmakers like JSW Steel, Tata Steel, and SAIL are expected to post strong sequential profit growth in Q4 FY25, driven by seasonal...
- Steelmakers set to see a dent in profits for 3rd quarter in a rowMost steelmakers in India are expected to see their profits decline for the third consecutive quarter due to cheaper imports impacting pric...
- SAIL shares in focus after signing MoU with John Cockerill for green steel techSAIL share price: SAIL shares will be in focus on Friday after the company partnered with John Cockerill India to implement green technolog...
- Steel Cos' profits may melt in Q2 amid low pricesSteelmakers expect a significant profit decline in the September quarter. Steel prices are at a three-year low, and demand is weak. Analyst...
- Japan stocks jump as investors gauge upbeat earnings seasonJapanese shares hit a 16-month high on Tuesday, driven by steelmakers following better-than-expected corporate earnings. Shares in JFE Hold...
- Steel prices continue sliding, pose a risk to the recovery of steelmakersPrices of benchmark hot-rolled coil (HRC) steel as of December first week have declined by around Rs 3,000 per tonne compared to November t...
- India's steel ministry seeks import tax waiver for coking coal- SourcesThe proposal to scrap levies ranging from 2.5% to 7.5% in the world's second biggest producer of crude steel comes ahead of the national bu...
- Tata Steel's net profit plunges 90% to Rs 1,297 crThe legacy steelmaker, which also has operations in western Europe, reported a consolidated bottom line of ₹1,297 crore, compared with ₹12,...
- Secondary steelmakers face double whammy as prices of key inputs riseA paucity of coal in the domestic market is pushing upwards the prices of sponge iron. Meanwhile, there has also been a squeeze on the avai...
- India's steel consumption to fall in FY21, first decline since financial crisis: Moody's“We assume that economic activity has begun to gradually pick up from July. However, given the possibility for second or third waves of vir...
- Robust profitability likely for Tata Steel and JSW Steel: Moody'sMoody's said its forecast on flat steel demand in China reflects higher infrastructure spending that will limit the negative effects of the...
- Operating conditions in India remain most supportive in Asia: Moody'sThe report said earnings of Tata Steel will increase significantly due to newly added capacity, while JSW Steel's earnings will remain stea...
- India the only bright spot in steel production: Moody's Investors ServiceMoody's conclusions were contained in its just-released report, "Steel - Asia 2017 Outlook – Weakening Production and Earnings Keep Outlook...
- Moody's outlook on Asian steel industry turns negative"Steel demand from Southeast Asia and India will likely increase but will be insufficient to offset the decline in China," Moody's report s...
- SAIL, JSW and Tata Steel to have better year ahead: Moody's"Demand for steel will likely increase a modest 3%, outpacing net production capacity additions and driving increased utilisation rates."
- SAIL Q1 net down 35.25% to Rs 451 croreSAIL reported a 35.25 per cent fall in standalone net profit to Rs 450.91 crore during the April-June quarter as revenue declined and costs...
- Steel companies reported muted performance in line with expectationsFalling raw material prices of coking coal and iron ore were more than offset by the fall in steel prices.
- Arcelor, Mittal profit may drop on steel pricesArcelor and Mittal Steel, poised to merge and create the world's largest steelmaker, may say second-quarter profit fell on lower prices and...
- Nippon steel's Q1 profit falls amid costsNippon Steel, the world's third-largest steelmaker, said first-quarter profit fell 18 per cent amid higher iron ore costs and lower export ...
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