India Ratings and Research expects stronger operational performance from steel players

摘要

India Ratings and Research (Ind-Ra) expectsthe operational performance of key domesticsteel players to remain strong in the remainder ofFY19, led by robust steel consumption demand,government spending on infrastructure andhousing and a modest recovery in privatecapex cycle. A likely improvement in capacityutilisation rates would result in an improvementin operating profitability, due to betterabsorption of fixed cost, amid steady salesrealisations during FY19, the agency said in'Steel Portfolio Review FY19,' its latest report onthe sector.