Steel companies' Q1 margins hit by rising costs, low prices
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Update time : 2023-07-07 17:12:32
The operating profit of steelmakers is estimated to have dipped by ₹2,000-3,000 per tonne of metal sold during the April-June period compared to the preceding quarter, experts said.
Steel prices and sales volume during the quarter dipped sequentially while input costs continued a northward march, resulting in lower profitability, they said.
