Zinc is the fourth-most used metal worldwide, behind iron, aluminium, and copper.
After the merger, its three arms — Orient Refractories, RHI Clasil and RHI India — will become a single entity, RHI Magnesita India.
ICRA estimates the industry’s operating margin to decline to around 18% in FY20.
Collaboration and support from organisations like JSF will help materialise DGC’s plan for upgrading its infrastructure.
Prashant Jhawar stepped down alleging illegalities and non-compliance of provisions of law by directors and management running the company.
RINL also improved market share to 8.80% in 2018-19 from 8.60% in the previous year.
The lower production reported by JSW Steel is part of a larger slowdown in the steel sector which us facing low demand and pressure kn prices.
Shipments at zero duty from FTA countries have shot up by 67% in April-July 2019 against a 58% increase in the same period last year (April-July 2018).
Over the last four quarters, operating profit margins of the domestic steel industry have been declining steadily from 22.6% in Q1 FY19 to 18.2% in Q1 FY20.
Ind-Ra said it expects overall steel sales volumes and margins to weaken further in Q2FY20 after industry witnessed margin correction in Q4FY19 and Q1FY20.
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