[Fangda Special Steel Leads Industry in Profit per Ton of Steel]

Indian steelmaker Rathi Steel and Power Limited reported a 28.86% year-on-year increase in sales volumes to 32,028 tonnes during the July–September quarter of FY27, according to its October 7 stock-exchange disclosure. Quarterly revenue exceeded 2 billion INR, while the company also reported a 450-basis-point reduction in its borrowing interest rate. The operational update indicates stronger quarterly sales activity, although the disclosure does not establish a corresponding increase in steel production.

In January-September this year, cumulative sales of China's heavy-duty truck industry reached approximately 926,000 units, up about 13% YoY, with the cumulative growth rate further slowing down. The MoM increase in wholesale sales of the heavy-duty truck market in September was mainly due to seasonal changes, as transport demand improved compared with the off-season months of July-August, leading to a certain MoM increase in car purchase demand. However, the YoY decline stemmed from the interplay of multiple unfavourable factors: sluggish domestic freight demand, falling freight rates, overdrawn demand due to policies and regulations, industry destocking, a high sales base in the same period last year, and rising oil and gas prices.