Tag: steelmakers

India’s Budget not enough to boost steelmakers’ profitability

Newsroom24x7 Desk New Delhi: Fitch Ratings says that increase in proposed infrastructure spending in India’s latest government budget is unlikely to provide a boost to domestic steel demand growth, unless project execution rates pick up significantly. Domestic steel producers also face overcapacity, which is likely to weigh on their profitability and credit metrics in the

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