Perspective on JSW Steel Q2FY23 Results by Anmol Das, Teji Mandi
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Below is perspective on JSW Steel Q2FY23 Results by Mr Anmol Das, Head of Research, Teji Mandi
1. Prices of Steel could not remain as high as the commensurate increase in prices of raw materials as production levels have increased across the entire steel and metals supply chain by now.
2. Indian steelmakers are lacking the availability of key raw material, i.e., coke, and high freight rates are worsening the prices even more.
3. Capacity Expansion plans of steelmakers will not allow them to get rid of their debt burden any sooner.
4. Sector to underperform in near to medium term future till raw material prices cool down as margins will remain low or realizations per tonne increase again.
Above views are of the author and not of the website kindly read disclaimer
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