Leverage for primary steel firms to reach 5-year high: CRISIL Ratings

Quick Summary:

Major steel producers have been on an expansion spree.

But CRISIL also noted that any material fall in steel prices due to weak global demand and higher supplies, especially from China, or any increase in import duty, will bear watching.

However, CRISIL expects net leverage to improve to 2.8-3.0x next fiscal on likely better steel prices and demand prospects globally.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Capex Steel makers CRISIL Ratings Tata steel

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Article Type: News Report

Published On: 2024-11-28 @ 18:03:44 (4 hours ago)

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News Source URL: business-standard.com

Language: English

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