Indian steel companies expected to increase their earnings in a year: Moody's - AskBihar24X7 - Bihar & Jharkhand News

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Friday, August 18, 2017

Indian steel companies expected to increase their earnings in a year: Moody's

In the coming 12 months, the revenue of Indian steel companies is estimated to increase. The government's efforts to increase domestic demand and rein in the cheap imports will help steel companies a lot. This information is provided by Moody's Investor Services in a report and has changed its outlook from 'Negative' to 'Stable' for Asia's steel companies.

                                           

Moody's said in its recent report on Asian steel maker companies, "We hope that the position of operating in India will be the most helpful among the major Asian countries." In this estimate of Moody's, the increase in the cost of raw materials and increase in capacities Production has been included. In this report, Moody's has said that India's GDP growth rate is expected to be 7.5% to 7.8% in 2017 and 2018. Along with this, he says that increasing the expenditure on the government's financial measures and infrastructures will help the steel industry.

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