Tag: Indian tier-1 mills’ sales up but earnings down q-o-q in Q3FY’25. Will Q4 see turnaround?

Production volumes show mixed trends Higher steel consumption boosts sales Lower steel prices impact EBITDA Morning Brief: 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.…