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Steel exports riding on rich realisations: Crisil


Steel exports riding on rich realisations: Crisil
ANI |
Updated: Apr 27, 2021 17:53 IST
Mumbai (Maharashtra) [India], Apr 27 (ANI): Global steel prices will remain elevated in the first quarter of this fiscal due to higher realisations and new capacities coming on stream before cooling sequentially, according to Crisil.
After a brief lull in February, global steel prices continued to rally and touched 830 dollars per tonne in the last week of March the highest in the past 12 years.
Low-base effect of the January to March 2020 quarter and small steps towards de-carbonisation that is impacting supply lifted steel prices to 690 dollars per tonne on average in the last quarter of fiscal 2021, compared with 483 dollars per tonne in the same period a year before. ....

European Union , Global Steel Prices , Igher Realisations , New Capacities , Xports Of Finished Steel , European Union , ஐரோப்பிய தொழிற்சங்கம் ,

Lower oxygen supplies to temporarily impact five sectors: Crisil


Lower oxygen supplies to temporarily impact five sectors: Crisil
ANI |
Updated: Apr 24, 2021 16:47 IST
Mumbai (Maharashtra) [India], Apr 24 (ANI): Metal fabrication, automotive components, ship-breaking, paper and engineering sectors are likely to suffer with demand for medical oxygen soaring and the central government barring industrial use, according to global analytics firm Crisil.
The demand for medical oxygen is estimated to have rocketed five-fold in the second week of April versus pre-pandemic levels as Covid-19 infections took off. Crisil said the consequent higher supply of medical oxygen will save lives, but will have a bearing on some sectors.
These typically do not have captive oxygen plants and source their requirement through merchant suppliers for operations like welding, cutting, cleaning and chemical processes. ....

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Oxygen reallocation to impact small businesses in some sectors: Crisil Ratings


MUMBAI: Reallocating oxygen for medical purposes to take care of the rising Covid-19 cases will have an adverse impact on small businesses in some sectors, domestic rating agency Crisil said on Wednesday.
It said the hiccup seems temporary for now, and it is unlikely to impact the credit quality of the affected businesses.
The impact will be greater for companies in Maharashtra, New Delhi, Rajasthan, Madhya Pradesh and Gujarat, where medical oxygen demand has increased multiple times due to high Covid-19 caseloads, the agency added.
The central government has barred industrial use of oxygen except in nine designated sectors from Thursday onwards to divert the available stocks for life-saving medicinal use. ....

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Oxygen reallocation to impact small businesses in some sectors: Crisil Ratings | India News


MUMBAI: Reallocating oxygen for medical purposes to take care of the rising Covid-19 cases will have an adverse impact on small businesses in some sectors, domestic rating agency Crisil said on Wednesday.
It said the hiccup seems temporary for now, and it is unlikely to impact the credit quality of the affected businesses.
The impact will be greater for companies in Maharashtra, New Delhi, Rajasthan, Madhya Pradesh and Gujarat, where medical oxygen demand has increased multiple times due to high Covid-19 caseloads, the agency added.
The central government has barred industrial use of oxygen except in nine designated sectors from Thursday onwards to divert the available stocks for life-saving medicinal use. ....

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CRISIL consolidated net profit declines 5.22% in the March 2021 quarter

CRISIL consolidated net profit declines 5.22% in the March 2021 quarter
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