Report
Captive power and backward integration seen boosting Indian secondary steelmakers' margins
The Economic Times reports that CRISIL expects operating margins to rise 50 basis points to 6.6% this fiscal year.
TLDR
The Economic Times reports that CRISIL sees captive power and backward integration helping India's secondary steelmakers manage volatile raw material and energy costs. CRISIL expects operating margins to rise to 6.6% this fiscal year and says integrated producers already earn Rs 1,500–2,000 more EBITDA per tonne than non-integrated peers.
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