💨 Abstract

The Centrum report predicts improved demand and better margins for steel companies in Q3 FY25, as the monsoon has ended and long steel prices have risen. Steel companies are expected to see higher profitability due to increased long steel prices, stable flat steel prices, and decreasing coking coal costs. However, net debt for steel companies has increased due to ongoing capex expansion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖