IFGL benefits from steel rebound
Published: Monday, 14 November 2016
An slight increase in the world steel capacity utilisation rate in September and a drop off in Chinese exports boosted the Indian refractory maker’s bottom line.
IFGL Refractories Ltd cited stronger performance in the
steel industry as its profits rose by over 200% year-on-year
(y-o-y) in the September quarter.
Reporting its results for the second quarter of the Indian
2016-17 financial year, IFGL said a drop off in Chinese steel
production and exports, which fell...