Steelmakers brace for margin squeeze as states mull new cesses post-SC ruling, Icra says
[ad_1] Operating margins of primary and secondary steelmakers could shrink by approximately 2% due to the introduction of new cesses by some states following a recent Supreme Court ruling, according to credit rating agency Icra Ltd. Icra said that primary steel producers may see a reduction of 60-180 basis points in operating margins, while secondary…