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Domestic non-ferrous industry earnings to remain under pressure in FY24: ICRA

Domestic non-ferrous industry earnings to remain under pressure in FY24: ICRA
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Steep rally in carbon prices and CBAM compliance in EU could curtail profits of Indian steel makers | Indiablooms

New Delhi: In the wake of the European Union’s (EU) latest framework for the imposition of taxes on embedded carbon imports, Indian steel mills are at the risk of lower profits and a loss of market share in Europe, according to ratings agency ICRA.

CBAM framework to impact India s 15-40% of steel export to Europe: Icra

The Carbon Border Adjustment Mechanism (CBAM) framework will impact India's 15-40 per cent of steel exports to Europe, Icra said on Thursday.

Bharatiya Janata Party (BJP) | Bharatiya Janata Party nominees stay at party shelters to avert pressure by Trinamul Congress to withdraw nominations

Domestic Steel Prices To Remain Under Pressure As China s Oversupply Portends Higher Imports

A moderation in coal costs, however, to partly cushion the impact of steel price corrections, helping keep industry operating profit margins at 12 to 13 per cent in FY2024, in line with FY2023 levels, , Domestic Steel, steel prices, Pressure, india, indian economy, china, imports

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