Steel -Demand likely to recover in H2 FY'20

摘要

The domestic steel producers are likely to see a decline in profits in the first quarter of the current financial year owing to headwinds related to liquidity issues, fall in demand led by weakness in automotive sector and higher energy costs, ratings agency ICRA said in its latest sector report. However, it said, steel demand is expected to bounce back in the second half of the year, riding on the construction boom led by higher expenditure on infrastructure.