Large steel players made gains in FY21

By: |
June 14, 2021 3:45 AM

Large steel makers also benefited more from the rally in steel prices, given the dominance of flat steel in their portfolio.

The Steel Ministry further said India presently operates at the lower end of the value chain in steel sector. Value added steel grades are largely imported in India.

Large steel makers took huge strides in terms of their performance in the last fiscal, increasing their market share by 500 basis points (bps) on-year to 58% despite their share of industry capacity remaining unchanged.

The improvement was driven by supply-chain efficiencies, higher exports, and captive mines.

Large steel makers also benefited more from the rally in steel prices, given the dominance of flat steel in their portfolio.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Strategic Shifts: Adopting a product-based approach to get a head start
2Re-skilling Staff: Closing the digital gaps
3Nokia G20: Good looking, premium-styled device that’s built to last