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Dull demand to weigh on JSW Steel, improving cash flows a challenge in FY21

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MUMBAI: JSW Steel Ltd’s Q4 figures were weak as demand remained subdued, and the 15 million tonne (mt) sales outlook for FY21, unchanged from last year, looks optimistic. “Sales volume guidance of 15 mt for FY21 might be a tall order now, which was otherwise an easily achievable target, due to a possibility of the second wave of covid-19.

Low margin exports will help volumes," said analysts at Emkay Global Financial Services in a note to clients. The management has said that it expects to export a higher quantity of steel in FY21, but even this could be a challenge given the global pandemic.

Further, the commissioning of its Dolvi plant has been postponed and could see some cost uptick in the near term. JSW Steel, however, continues to

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
Thousands in Scotland living with undiagnosed disease as sufferers warn of symptoms
Peter Leven reveals unique Aberdeen FC challenges of managing from hospital bed and why Dons stars BOOED him
Famous Scots DJ's teen son died after complaining of mysterious leg pain
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Hero cop takes down suspect who broke free from ambulance
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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