India’s rural markets lead recovery in steel; domestic sales pick up

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Domestic sales of steel have picked up, thanks to demand from the rural India, with the restart of industrial activities after India started exiting an extended lockdown to contain the Covid-19. Private sector steel companies, Tata Steel, JSW Steel and Jindal Steel & Power (JSPL), have seen an increase in domestic sales in June over May. For Tata Steel, […]

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Indian steel demand to contract by 60-65% this financial year: Crisil survey

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With the extended lockdown to contain the Covid-19 pandemic, demand for steel industry is expected to contract by 60-65% in the first quarter of fiscal year, according to a survey by rating agency CRISIL. Steel manufacturers are focusing on managing liquidity and cash flows in the near future. Around 75% of the survey respondents indicated that […]

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