To compensate for the low domestic demand, Indian players are looking to cater to export markets.
India Ratings and Research (Ind-Ra) has published its COVID-19 Impact assessment for India’s steel sector. The report highlights key themes and expected outcomes while presenting Ind-Ra’s revenue base case assumptions, its updated sector outlook, a steel sector cycle study and a break-even analysis of key market players. The agency has also covered Ind-Ra’s recent rating actions. This is in continuation of the sector market wires and reports published during March 2020 and April 2020.
To compensate for the low domestic demand, Indian players are looking to cater to export markets. Indian products’ price competitiveness may seem to have improved with lower iron ore prices than international iron ore prices. Chinese steel producers’ cost of production has been going up due to high raw material costs and environmental compliance costs…Full Story