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Aftermath of Russia-Ukraine war dims the sheen on steel industry

But strong domestic demand and cooling raw material prices encourage manufacturers to stay the course on capex plans

Steel prices tumbled globally after scaling peak levels in April in the aftermath of the Russia-Ukraine war and it’s reflecting on the bottom line of companies.“Steel is a volatile industry. So somebody who enters the business must have nerves of steel,” said Sajjan Jindal, chairman and managing director of JSW Group, at a recent event in Kolkata, with a hint of a smile.

Source:

https://www.business-standard.com/article/economy-policy/aftermath-of-russia-ukraine-war-dims-the-sheen-on-steel-industry-122110801379_1.html

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