Surge in imports coupled with a blip in demand ahead of the upcoming general elections is weighing on steel firms. Data sourced from BigMint (formerly SteelMint/CoalMint), a market intelligence and price reporting firm, show that the average monthly price for hot rolled coil (HRC) in January stood at Rs 54,275 per tonne ex-Mumbai.… Continue reading Rising imports weigh on Indian steelmakers ahead of Lok Sabha polls | News
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India Cements posts wider Q1 adjusted loss as raw material costs weigh
(Reuters) – India Cements reported a wider adjusted loss in the first quarter on Monday, hurt by irregular monsoon and high raw material costs. The company reported a loss before exceptional items and tax at 989.1 million rupees ($11.96 million), from 720.1 million rupees loss a year ago. Revenue from operations fell… Continue reading India Cements posts wider Q1 adjusted loss as raw material costs weigh