#EBITDA#ratio for all #Steel plants in IInd Quarter of the current fiscal has been down due to #heavy raw material #costs despite increased sales volumes. The demand currently is still due to pick up and major Indian Steel Industry is largely dependent nearly on 30% of its sales on exports and intenational trade. Influence of international Iron ore price slide and so the steel price volatility in low end products as semi finished steel, import limitations in certain countires and coal are still limiting prices on the whole spectrum of steel products including Auto steels for its own auto sectorial troubles. Perception is Indian Steel industry will see a growth in sales even in H2 of the fiscal with better but stable prices and achieve its production and sales targets as its already done in October'21 with only slightly lower EBITDA ratio than expected.
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