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Capacity addition to limit improvement in profitability for cement makers – ET Infra

While the recent uptick in prices and lower input costs is seen shoring up the operating profit of Indian cement makers in the near term, profitability is seen capped over the medium term as companies are unable to take significant price hikes amid capacity additions, analysts said. India is expected to consume around 440 million […]

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Indian traders scoop up cheaper Chinese steel, says industry executives – ET Infra

Indian traders have been scooping up Chinese steel at a deep discount, industry officials and analysts said, spooking Indian producers ahead of a seasonal pick up in domestic demand. Lured by discounts of $30 to $50 a tonne on hot-rolled and cold-rolled products, Indian buyers are signing a flurry of import deals, they added. Domestic

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