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Tag: Indian primary mills’ Q2 performance below the mark

  • Indian primary mills’ Q2 performance below the mark

    Indian primary mills’ Q2 performance below the mark

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    by

    Kalpesh Padhiar
    in

    Lower steel prices, higher raw material costs squeeze margins, impact EBIDTA Export duty takes toll on sales Mills ‘cautious’ in Q3 despite demand rebound expectations Morning Brief: The 15% export duty, weak global demand, falling steel prices, higher raw material costs and destocking impacted the performance of India’s primary mills in Q2FY2022-23 (Q2FY23). Crude steel…