Falling steel prices amid Chinese export surge, to reduce profits of companies in Q3 FY25: Report

New Delhi [India], November 25 (ANI): Steel companies in the country are likely to face margin pressure in the third quarter of FY25 as muted steel prices compress spreads, according to a report by Axis Securities.

The report stated that the weak demand in China and higher exports from the country have been identified as key factors behind the decline in steel prices.

The report highlighted that Chinese steel exports reac