Steel Export Duty Roll Back - Government Rolls Back Export Duties On Steel, Iron Ore, & Pellets
Export duty on Iron ore exports and the concentrate is reduced from 50% (for all grades) to NIL for Fe grades < 58%, and to 30% for Fe>58%.
258 Views
Sail -Weak Q2, Rising Leverage; Maintain HOLD
SAIL delivered weak numbers in Q2FY23. EBITDA fell significantly by 89%/68% YoY/QoQ to Rs 735 Cr much below ours and consensus estimate (50% miss...
192 Views
Metals & Mining Q2FY23 Results Preview
Steel Q2FY23 Preview – Margins to hit a trough: We expect Steel companies under our coverage to deliver weak Q2FY23 numbers.
139 Views
Steel Sector Outlook - Domestic Demand Revival A Key to Drive the Steel Sector
Domestic HRC Steel prices have corrected by 27% since the peak seen in the 1st week of Apr’22. This has been on account of the weakness in the...
186 Views
Sail - Outlook Challenging; Maintain HOLD
SAIL delivered weak numbers in Q1FY23. This was largely anticipated due to lower sales volumes owing to traders de-stocking and higher coking coal...
302 Views