JSW's first quarter operating results declined significantly
- Share
- From
- JUNNAN STEEL NEWS
- publisher
- Gloria Wong
- Issue Time
- Sep 5,2019
Summary
Affected by the sharp decline in steel shipments and the year-on-year decline in average selling prices, JSW's operating income decreased by 11.4% in the first quarter to 198.12 billion rupees, a slight decrease of 3.4% year-on-year.
In the second quarter of 2019, affected by uncertainties suchas the Sino-US trade war and the UK's delay in Brexit, the global economicgrowth momentum weakened, and the International Monetary Fund (IMF) lowered theexpected growth rate of GDP in the global and major economies in 2019. . The USeconomic outlook is weakening, and the Fed decided to cut interest rates in thethird quarter to maintain economic growth momentum. Affected by factors such asslowing industrial growth and declining private consumption expenditures, the EU'seconomic growth momentum has weakened; Japan's economy has continued torecover, but domestic consumption decline and export decline have becomefactors that affect further economic growth; the Chinese government has adopteda series of financial and monetary policies. To promote sustained and healthyeconomic development.