Tag: India’s tier-1 mills’ Q2FY’25 performance a mixed bag. Will Q3 fare better?

Crude steel output up q-o-q, y-o-y for top 3 Sales pressured by imports, subdued exports Lower steel prices impact most mills’ PAT Higher demand, lower material costs likely in Q3 Morning Brief: Overall, Indian tier-1 steel mills put up a mixed performance in the second quarter of financial year 2024-25 (Q2FY’25). Crude steel production, sales…