Indian steel earnings: Q2 margins likely to be hit by falling HRC prices; EBITDA expected to shrink Rs 3,500/tonne
Indian steel producers are likely to face weaker earnings in the second quarter of FY26 as falling steel prices weigh on margins, according to a report by JM Financials. The average domestic Hot-Rolled Coil (HRC) price slipped to Rs 49,600 per tonne, down by Rs 2,000 compared with the previous quarter, news agency ANI reported.The…
