Jindal Steel Q2 Earnings Preview: Weaker Performance Expected

Imagine a company that makes steel, called Jindal Steel.

They're about to say how much money they made in the last few months.

Experts think they won't have done as well as before.

Why?

Because it rained a lot, which slowed down construction.

Since steel is used for building, less construction means less need for steel, and prices go down.

Also, the type of steel Jindal makes is mostly used in construction, so it's hit harder.

They might also have to explain how they will manage upcoming plans and a possible purchase of a German steel business.