High Debt Costs Hindering Steel Sector Growth: Crisil

High interest burden is the key reason for the poor performance of the domestic steel industry, a study by Credit Rating Information Services of India (Crisil) has observed.

The high interest costs were responsible for Indian companies not being able to cover their interest costs even in 2000-01, which was one of the best years for the steel industry, it said.

The study analysed the performance of five debt-ridden domestic steel companies