However, despite the moderation, their margin will remain higher than the average of 21% between FY17 and FY21, it said.
Steel firms would still 'generate healthy cash flows' as operating rates are expected to be highest in the past five fiscals at around 90%, supported by robust domestic demand and greater export opportunities.
This story is from the April 30, 2022 edition of Financial Express Mumbai.
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This story is from the April 30, 2022 edition of Financial Express Mumbai.
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