Indian tier-1 mills posted mixed results in October-December 2024 Q3FY’25. While production volumes fluctuated q-o-q, sales increased. However, all companies except Tata Steel recorded lower EBITDA/tonne (t) q-o-q, with steel prices remaining depressed. BigMint goes behind the scenes. JSW Steel emerged as the leading producer in Q3FY’25, with volumes down q-o-q by a minuscule amount. The other four leaders integrated steel majors – Tata Steel, Steel Authority of India Limited (SAIL), ArcelorMittal Nippon Steel (AM/NS) India, and Jindal Steel and Power (JSP) – showcased mixed trends.
Leave a Reply