Consolidated steel industry debt at 9-year low and solid profits: Icra

This suggests that domestic steel companies are now significantly less indebted than in fiscal 2009, when the last steel supercycle ended, following the global financial crises, ”he said. . The consolidated debt of the national steel industry fell to a nine-year low of Rs 2 lakh crore at the end of July 2021, the rating agency Icra announced on Thursday, …