Robust demand recovery amid gradual supply increase is expected to push base metal prices higher on a year-on-year basis in 2021.
However, increasing environmental con..
Steel plant divestment/commissioning and rampup can unlock value
Board of directors of NMDC, has approved the scheme of arrangement for demerger between NMDC and NMDC..
Earnings outlook remains strong
Higher pricing to offset impact of premium levy
* NMDC is a play on strong iron ore prices and volumes, well-reflected in its 4QFY21..
Surya Roshni, engaged into two businesses of steel pipes & lighting, is #1 exporter of ERW pipes & #2 player in lighting business. Revenue from steel pipes busine..
Biggest beneficiary of improved pricing
Deleveraging to remain strong
* SAIL continues to reap the benefits of higher steel prices as 4QFY21 EBITDA grew 21% QoQ, de..
Headwinds pile up
Steel Authority of India (SAIL) reported lower than expected EBITDA at Rs61.5bn. Even after adjusting for wage revision provision (long due) from Apr..
Global supply of non-ferrous metals such as aluminium, copper and zinc have increased at a faster rate as compared to the recovery rate in their demand.
Steel authority (SAIL) management announced a higher capex run rate with the onset of a new volume expansion program. Disparity in long product prices an..
China steel price decline caps near-term upside
HRC price falls ~15% WoW on fear of govt. action
China domestic HRC and seaborne iron ore prices have corrected ~15%..
A low base pushed India's April 2021 industrial production rate higher on YoY basis as well as growth levels last seen in pre-pandemic period of April 2019.
Aluminium smelter expansion is last in priority
Hindalco management was categorical in underlining that 1/2 quarters of high LME doesn’t impact strategy of creat..
We upgrade our rating to BUY and raise TP to Rs2,360 due to upward revision in FY22/FY23 estimates and multiple. Higher multiple is attributed to expectation of rise in S..
Rupee falls 10 paise to 73.94 against US dollar in early trade
Rupee strengthens against US dollar on Tuesday
Rate decision, US stimulus likely constraints to rupee's further appreciation
Rupee slips on RBI's dovish stance, 'loose' policy
Currency Squeeze: Rupee expected to weaken further
Asian shares try to stabilise, China growth a worry
Tata Motors' domestic sales in July at 51,981 units
India`s 5G space booming with global, domestic players pitching in
India`s July gasoline sales above pre-pandemic levels - prelim data
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