Q&A WITH JSW STEEL’S CHIEF FINANCIAL OFFICER SESHAGIRI RAO

摘要

Why did most of India’s integrated millsreport losses in the April-June quarter?Steel prices in India have been pressuredby low-priced imports from variousexporting countries such as China, Japan,Korea, Russia and Brazil. Indian steelprices dropped by 17% year-on-year duringApril-June and by 7% over the previousquarter. The domestic steel demandsegment has been rising steadily forsome time now. Finished steelconsumption rose by 6-7% y-o-y during thequarter and steel consumption rose againin July by 1.9% y-o-y.