首页|Performance of Indian Steel Industry in Q3 FY'22
Performance of Indian Steel Industry in Q3 FY'22
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NSTL
After continuously increasing for five quarters (from Q2 FY'21 to Q2 FY'22), the operating profit (EBITDA) of Indian steel companies declined in Q3 FY'22. In respect of major companies, Q-o-Q decline was 49.5% in case of SAIL, 8.3% in case of Tata Steel, 21.6% in case of JSW Steel, 29.9% in case of JSPL and 21.1% in case of AM/NS India. This was mainly due to an abnormal increase in the price of coking coal. Subdued demand due to hold up of construction activities, particularly in the south, due to rains and softening of international steel prices resulting in a decline in domestic sale prices of steel products, also contributed to the decline. Finished steel consumption declined by 8.2%> Y-o-Y in Q3. These aspects are discussed in detail in this article (all figures of FY'22 are provisional).
NSTL
