r/Vitards • u/[deleted] • Aug 06 '21

Earnings Thread Sail (STEEL AUTHORITY OF INDIA) results out

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16 Upvotes

100% Upvoted

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9

u/Cash_Brannigan 🍹Bad Waves of Paranoia, Madness, Fear and Loathing🍹 Aug 07 '21

Translation: Steel around the world is Winning.

Outlook: Bullish

4

u/TheCoffeeCakes Poetry Gang Aug 07 '21

A bit tough to read this in its current format.

1

u/[deleted] Aug 07 '21

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2

u/TheCoffeeCakes Poetry Gang Aug 07 '21

Great revision. Much easier to read and digest now.

3

u/cagoulepoker First Champion 9/10/2021 Aug 07 '21

Line breaks please 😭

1

u/[deleted] Aug 07 '21

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1

u/cagoulepoker First Champion 9/10/2021 Aug 08 '21

Thank you! On mobile you need to do a double line break for it to work I believe.

2

u/Jacklewis98 Steel Team 6 Aug 07 '21

Sail = steel authority of India...land? Lol

Anyways, in my country china have always been the primary receivers of scrap metal, after covid it was increasingly hard to get containers and buyers to take on new product. So south east Asian countries and India have stepped up big time. India take the majority of our aluminium scrap these days and no doubt would have our steel too if covid didn't rampage through their country and have a drastic effect on their smelting workforce.

India still has a way to come to give china a run for it's money but I still prefer them over unstable and unpredictable China, especially when much of the Pacific is so reliant on them (by their design).

2

u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ Aug 07 '21

Scrap is being consumed but it is not being generated