Despite pandemic-linked blips, domestic demand outlook remains strong, which has helped acquirers ramp up utilisation levels. The ongoing steel upcycle will also mean stronger-than-expected realisations over the medium term.
“Consequently, acquirers may see 20 percent faster payback and are well set to tap the brownfield potential housed under these assets,” says the report.
The findings in the report are based on a study of five stressed steel capacities - Bhushan Steel Ltd (renamed as Tata Steel BSL), Essar Steel Ltd (renamed as Arcelor Mittal Nippon Steel India), Electrosteel Steels (now ESL Steel), Monnet Ispat & Energy (now JSW Ispat Special Products) and Bhushan Power & Steel - totalling 21million tons (mt), which were acquired under NCLT, mostly by other primary steel producers. These assets accounted for 70 percent of total financial claims resolved or liquidated under IBC in the steel sector till March 31, 2021.
Bu hikaye Steel Insights dergisinin August 2021 sayısından alınmıştır.
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Bu hikaye Steel Insights dergisinin August 2021 sayısından alınmıştır.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
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Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
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