JSW Steel’s relatively soft performance in the December ended quarter (Q3) compared to previous quarters meant that shares fell more than 4% on Monday. Rising cost pressures and subdued domestic steel realisations had an impact on Q3 earnings. Crude steel production was at 4.41 million tonne in Q3, up 8% sequentially, while average capacity utilisation …
The post JSW Steel’s Q3 show marred by cost pressures first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/jsw-steels-q3-show-marred-by-cost-pressures/