JSW Steel plans to sell its plants in the
Jindal’s three American units made a loss of $61 million in the March quarter. The
Global steel output slumped 23.5% in March compared to the same month last year, the World Steel Association had said last month. Steel production in the association’s 66-member countries had fallen 24% in January and 22% in February.
With world asset prices falling and financial markets in a freeze, it would not be easy to sell assets abroad. Indeed, with global steel prices continuing its fall and making more units unviable, a buyer would rather wait for some more time to get a better discounted price.
crackcrack| Company Name | CMP |
|---|---|
| Tata Steel | 210.70 |
| JSW Steel | 1215.55 |
| SAIL | 171.55 |
| Jindal Stainless | 789.45 |
| APL Apollo Tubes | 2045.55 |
| View more.. | |
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