Another strong quarter ahead for steel firms: Tata, JSW to perform better

India Ratings and Research recently revised its outlook on the domestic steel sector to 'stable' for FY19 from 'negative' in FY18

The country’s steel companies, which have benefited during the past two years from improving realisations, are expected to deliver another strong quarter for the January-March 2018 (Q4) period.

Thereafter, too, their prospects appear strong, analysts said.

Measures announced by the government, including those to curb cheap imports, which in turn improved domestic realisations, have boosted their operating performance. Capacity closures in China and improving fundamentals of the global steel industry are adding to their gains. 

While companies such as Tata Steel and JSW Steel continued with their impressive performance in Q3, Jindal Steel and Power (JSPL) and Steel Authority of India (SAIL) saw