Balance Sheet StrengthA solid equity base and prudent leverage improve resilience through steel-industry cycles and support the company’s credit profile. Improving ROE shows rising capital efficiency, enabling sustained capex or debt reduction without heavy external funding over months.
Improving Cash GenerationRising operating cash flow and expanding free cash flow strengthen internal funding for capex, working capital and debt servicing. That reduces reliance on external financing, increases financial flexibility, and supports durable execution of strategy over the medium term.
Operating Margin ImprovementStable gross margins coupled with improving EBIT/EBITDA margins indicate effective cost control and operating leverage. If sustained, this supports durable profitability and cash generation, enhancing ability to absorb raw-material swings common in steel markets.