Around 59 per cent of the Chief Financial Officers (CFOs) believe that the availability of funds in the market is set to improve in the third quarter of 2024
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Icra has expected a decline of 60 to 180 basis points (bps) for the primary steel producers. Taking into consideration, the cess of 5 to 15 per cent on iron ore, based on current prices, the rating agency has projected a decline of 80 to 250 basis points for the secondary producers
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Owing to curbs on cheaper imports, the segment is set to recover after a two-year dull performance
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