Steel News

We strive to let you one step ahead of the market.

India's Jindal Steel net profit in Oct-Dec 2022 falls y-o-y

3 Feb 2023 15:02 reported by Stanley Wang

A A A
India's Jindal Steel and Power Ltd reported that its consolidated net profit from continuing operations from October to December 2022 decreased to 5.19 billion rupees (US$63.26 million), plunging by 68% year on year.

India's steel industry has faced difficulties since the government introduced an export tax on certain steel intermediaries in May 2022. Although the tax was revoked last November, the company's exports still decreased by more than 50%, which caused its market shares in the European market to go down.

Back to Steel News

Related News

Brazil’s steel industry to invest R$100 billion to enhance competitiveness of domestic products

  • Finance and economy
  • 24 May 2024 15:37

Eurozone manufacturing PMI hits 15-month high in May

  • Finance and economy
  • 24 May 2024 15:36

Freight rates to continue rise in future due to political disruptions

  • Finance and economy
  • 22 May 2024 16:53

Taiwanese CSC's consolidated revenue increases in Jan-Apr y-o-y

  • Finance and economy
  • 21 May 2024 17:32

JSW's earnings in Q1 plunge due to fire force majeure event

  • Finance and economy
  • 21 May 2024 17:05

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,005.00
  • 3,051.00
  • Aluminum
  • 2,550.00
  • 2,602.00
  • Copper
  • 10,290.00
  • 10,410.00
  • Nickel
  • 19,775.00
  • 20,070.00

Learn more

Coil Exchange Center

  • 2B Coil-Jun
  • 2,660
  • 2,520
  • NO1 Coil-Jun
  • 2,630
  • 2,490
  • 2B Coil-Jun
  • 2,660
  • 2,520
  • NO1 Coil-Jun
  • 2,630
  • 2,490

Learn more