Steel industry hit new low in Oct-Dec: JP Morgan
According to a report by JP Morgan, the domestic steel industry, amid cheap imports and lower realisation, hit a new low between October-December. It said that during the period, only 4 of the 26 listed players reported a net profit, and the cumulative gross debt of the 28 most leveraged companies, including two unlisted players, stood at ₹3.6 lakh crore.