Shares of Jindal Steel and Power (JSPL) advanced over 4 per cent in Thursday's session after the company informed bourses that it registered strong growth in sales and production during the December quarter.
Hebei province, China's leading producer of iron and steel, will continue with huge overcapacity cuts in 2020 amid an ongoing industrial upgrading, its governor Xu Qin announced Tuesday.
Since the New Year, the prices of raw materials are stable except metal calcium wire rose slightly and will not fluctuate significantly. Cold rolled strip steel, which ups and downs frequently, has been stabilized too. Most of the cold rolled strip steel manuf...