Jindal Steel & Power Ltd (JSPL) saw a 14% drop in share price to Rs 724 following a 51% year-on-year decline in net profit to Rs 951 crore for Q3. Weak steel prices and cheaper imports impacted earnings, despite a 5% rise in sales volume. EBITDA fell 24%, with revenues flat at Rs 13,707 crore.
Why did spot prices go up despite Trump threat to impose tariffs on imported copper? Peter McGuire explains
Peter McGuire discusses the volatility in the commodity market due to Trump’s potential tariffs on copper imports aimed at boosting US production. Despite the uncertainty