Steel Industry
International prices to help steelmakers tide over 2nd Covid wave: ICRA
Besides, ICRA expects domestic demand to recover in the coming months with the gradual lifting of lockdowns and mobility restrictions in India during June 2021 and improving vaccination coverage. This trend in turn will result in a pick-up in capacity utilisation levels, the agency said.
Large steel makers gained market share last fiscal: Crisil
The improvement was driven by supply-chain efficiencies, higher exports, and captive mines that limited the impact of iron ore shortage. Their capacity share is expected to rise this fiscal after JSW's Dolvi plant expansion of 5.6 million tonne comes on stream, the report added.
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