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Silver lining: Falling costs benefit steel makers

In Q1FY24, margins of steel companies are likely to contract sequentially, given the high-cost inventory of coking coal.

Republic ofSatyadeep jainMotilal oswalJindal steel power ltdTata steel ltdTata steelSteel authority of india ltdSteel ltdMotilal oswal financial servicesJindal steelPower ltdSteel authorityView full imageVietnam julyIndia ltdCoking coal

Steel makers grapple with weak demand, price drops

Demand continues to be subdued as customers across sectors have resorted to ‘wait-and-watch’ or ‘need-based buying’

Republic ofMotilal oswalTata steelSteel ltdMotilal oswal financial servicesNomura financial advisoryJsw steelSteel pricesSteel companiesChina steel demandIron oreIndian steel manufacturersGlobal demandDomestic pricesHrc pricesRaw material costs

Unseasonal rains to impact wheat output this season

Wheat production is estimated to fall to 102.8 million tonne (mt) this season as unseasonal rains and hailstorms in March led to widespread crop losses, according to Agriwatch.

Madhya pradeshUttar pradeshAshok kumar meenaPramod kumarFood corpRoller flour millers federation of indiaRoller flour millers federationWheat productionUnseasonal rainsCrop lossesDownward revisionAgricultural research agencyIncreased acreageField surveyWheat crop cultivationGovernment estimate

Commodity prices may be range bound in 23: JSW CFO

JSW Steel Ltd’s net profit plunged 90% in the December quarter from a year earlier, and the earnings also trailed analysts’ expectations

Domestic pricesSeshagiri raoCommodity prices

Zhejiang province, China, Schema-Root news

Cross-linked news, and information resources about Zhejiang province, China

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