Tag: JSW Profit
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JSW’s Q1 Profit Margin Falls on Rising Import and Declining Steel Prices
India’s 3rd largest alloy producer, JSW Steel tussled with quarterly loss owing to low-priced import from China, Japan and Korea coupled with subdued demand in domestic market. The company’s net loss was INR 1.7 bn (USD 17 million) in Q1 FY16 against gain of INR 6.56 bn a year ago. Net sales fell 13% to…