News > Steel companies may see hiked demand, better margins in Q3FY25: Centrum report

Steel companies may see hiked demand, better margins in Q3FY25: Centrum report

Centrum report expects the demand to improve in Q3FY25 as the monsoon has receded, and also, a price hike is seen in long steel while flat steel prices have remained unchanged. Steel companies are expected to see higher profitability, driven by increased long steel prices, stable flat steel prices, and reduced coking coal costs. Net debt for steel companies has increased overall by an average of 6-20 per cent QoQ due to ongoing capex expansion.