Long-steel makers face up to 100 bps hit on profitability, says rating agency Crisil

Secondary long-steel producers may sustain their credit profiles this fiscal despite facing up to 100 basis points decline in profitability because of two supportive factors - Central government spending (on rural and urban housing, and infrastructure, including roads) and de-leveraged balance sheets (stemming from low capital expenditure), rating agency Crisil said on Tuesday.

---------------------------------------------------------------------------