Steel 360 - September 2021
Steel 360 - September 2021
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In dieser Angelegenheit
Most of the major mills announced their first quarter (Q1FY'22)
performance some time back. Steel360, while checking out their
performance in terms of crude steel output, domestic and export sales,
and EBIDTA, realised that almost all the biggies being reviewed saw their
Q1 production dip q-o-q. Also, domestic sales took a hit because of the
second wave of the pandemic that swept right through the first quarter
(Q1). Consequently, their export performance was good although poorer
compared to the same period last fiscal.
However, coming back to the present, there is not much scope of steel
prices increasing further in the short term since exports are a bother at
present. Europe quotas have been exhausted, and exports prospects to
Vietnam and South East Asia are bleak at present because of the surge
in Covid’s second wave. In a ripple effect, domestic steel prices will likely
correct. On the domestic front, traders feel prices will correct and that
mills may reduce their list prices or give trade-level discounts.
Steel 360 Magazine Description:
Verlag: Steel 360
Kategorie: Business
Sprache: English
Häufigkeit: Monthly
Steel 360 is a monthly magazine covering the metal and mining industry in India. The magazine has a readership of 50,000+ across the globe in the metal and mining fraternity across the country (print circulation only in India). Each issue of the magazine carries a highly informative cover story; write-ups on trending topics, market prices & offers, current news from the metal & mining industry, latest technology trends, columns from industry veterans, import-export statistics, information on upcoming events and much more.
The magazine is a comprehensive handbook to numerous Managing heads, Directors, CEOs, Technical Heads, Marketing/Purchase/Sales Managers, Analysts and other key decision-makers at various business groups in the metal, mining, research, financial services, infrastructure and other related sectors.
Web: https://www.steel-360.com
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