Operating profits of steel sector to improve in FY19

Operating profits of steel sector to improve in FY19
09/08/2018 , by , in ALLIED

An expected improvement in capacity utilisation rates in the steel sector, would result in an better operating profitability during FY19, a report said.

“The operational performance of key sector participants to remain strong in the remainder of FY19, in view of a robust steel consumption demand, aided by government spending on infrastructure and housing and a modest recovery in private capex cycle,” India Ratings and Research (Ind-Ra) said in its report here.

A likely improvement in capacity utilisation rates would result in an improvement in operating profitability, due to better absorption of fixed cost, amid steady sales realisations during FY19, Ind-Ra said.

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