Metals: Reiterate ‘hold’ for Tata Steel, JSW – The Financial Express

As prospects of Chinese steel demand decline for CY19 become more and more acute, Indian steel players are rediscovering the perils of high leverage in a deep cyclical sector. Metals: Reiterate ‘hold’ for Tata Steel, JSWAs prospects of Chinese steel demand decline for CY19 become more and more acute, Indian steel players are rediscovering the perils of high leverage in a deep cyclical sector. What is also disconcerting and what we have highlighted briefly post our visit to JSW Steel plant is the...
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