Strong demand, falling iron ore prices to benefit smaller manufacturers H2 FY22, says Icra2 min read . Updated: 20 Aug 2021, 12:09 PM IST
- With prices of sponge iron, scrap and non-coking coal rising significantly, margins of smaller players took a hit. Moreover, in FY21, smaller firms were also hit by iron ore shortage, which the larger integrated companies were insulated from to an extent because of their captive sources
MUMBAI: Manufacturers of long steel products may witness in revival of fortunes in coming quarters driven by increased construction activity, according to Icra.
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