TBB BUREAU BHUBANESWAR, JULY 6, 2021 Sharp increase in prices of steel will lift operating margin of primary steel manufacturers by 500 basis points (bps) to 32-33% on-year this fiscal, according to rating agency Crisil. “While this will drive steelmakers to double down on capital expenditure, robust accruals will help them continue deleveraging and strengthening of balance sheets, leading to ...

Read More »