Tag: India’s tier-1 mills post tepid Q3 sales; coking coal prices a challenge in Q4

Production rises nominally amid supply glut Sales impacted by imports, lower q-o-q exports EBIDTA rises on lesser Q2 coking coal costs Morning Brief: India’s tier-1 mills put up a weak sales performance in the third quarter (October-December, 2023) amid rising inventories and imports. Production naturally saw a nominal growth. The EBIDTA per tonne rose amid…