2019

Jul 10 Mumbai

CRISIL webinar on Steel Sector: Will the steam run out?


Summary

 

After being through a sturm and drang phase, Indian steel sector witnessed an inflection point over past two years as visible in improving financial health for the sector.

 

However, some volatility is in the offing in the near term, arising from the April 2020 iron ore auctions. With nearly 76% of the domestic capacity procuring merchant iron ore, the auctions will create cost ripples, especially for induction/ electric arc furnace companies. Domestic players also need to steel themselves against a rise in global iron ore prices arising out of supply disruptions.

 

Meanwhile China steel production has shown no signs of weakness by posting a stellar rise of 10% during Jan-Apr 2019 driven by stimulus programmes initiated by Chinese govt. Despite healthy production growth and surging raw material prices, global steel prices have witnessed a sedate run-up. Demand growth moderation in China, capacity additions, tight global trade market, stabilization in iron ore price rally would be key monitorables to watch out in H2 2019 and 2020.

 

In this scenario, CRISIL is organizing a webinar where our experts will try to address the many questions that arise for stakeholders:

 

  • Will the stellar production run-up in China dry out?
  • Would muted auto and industrial market weigh on domestic demand?
  • Would the Insolvency and Bankruptcy Code clean-ups inspire capacity additions?
  • How disruptive will the upcoming iron ore mining auctions be?
  • What would be the credit outlook for the sector?

The webinar will be followed by a panel discussion with industry experts and a Q&A session.

Dial-in Numbers for Audio

  • India Toll Free Number
    1800 120 1221 | 1 800 266 1221

    Local Access (Available all over India)
    +91-7045671221

    Universal Access
    +91 22 7115 8056 | +91 22 6280 1155

     

  • International Toll Free Numbers
    United States: 1 866 746 2133
    United Kingdom: 0 808 101 1573
    Singapore: 800 101 2045

 

For any assistance/ query, please call:
Jeemit Shah | +91 22 3342 3275 | jeemit.shah@crisil.com
Sandhya Jangre | +91 22 3342 4160 | sandhya.jangre@crisil.com