Brief: JSW Steel Exec Says International And Local Price Of Steel Have Bottomed Out

JSW Ispat Special Products

23/10/2019 12:44

Oct 23 (Reuters) - Jsw Steel Ltd Exec  JSTL.NS :
    * EXEC SAYS ENOUGH HEADROOM AVAILABLE FOR COMPANY ON DEBT
    * EXEC SAYS WILL PARTICIPATE IN IRON ORE MINE AUCTION IN
ODISHA
    * EXEC SAYS COMPANY WILL NOT BE ABLE TO MEET ITS FISCAL YEAR
2020
GUIDANCE FOR SALES AND PRODUCTION
    * EXEC SAYS FALL IN PRICE OF COKING COAL, IRON ORE WILL
REFLECT IN
CURRENT QUARTER RESULTS
    * EXEC SAYS MONNET ISPAT WILL START CONTRIBUTING TO
CONSOLIDATED
EBITDA FROM NEXT QUARTER
    * EXEC SAYS WE MAINTAIN MONNET TURNAROUND BY SEPT 2020
    * EXEC SAYS INTERNATIONAL AND LOCAL PRICE OF STEEL HAVE
BOTTOMED
OUT
    * EXEC SAYS BY END OF CURRENT FISCAL YEAR ALL INTERNATIONAL
ASSETS
WILL BE POSITIVE ON OPERATING PROFIT


Further company coverage:  JSTL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))