Capacity utilisation at steel and cement companies has improved significantly in May after a sharp drop in April.
A revival in domestic demand to a limited extent, exports and easing
As unlock looms, capacity utilisation improves for steel, cement companies
For cement companies, easing of logistical hurdles and improved workers' availability have helped move production levels in May
 "ICRA has factored in an expected increase in JSW Steel's leverage in the near-to-medium term owing to the proposed acquisition of BPSL")
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Steel industry representatives pointed out that 94 per cent of the production was accounted for by six major companies in April
First Published: May 31 2020 | 12:09 PM IST
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