Metal stocks results preview for Q3FY12: KRChoksey

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Metal stocks results preview for Q3FY12: KRChoksey

KRChoksey has come with its quarterly earning estimates for Metals sector.

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KRChoksey has come with its quarterly earning estimates for Metals sector.

Preview on Metals - Ferrous
• Margins for Steel companies remain under pressure due to sluggish demand from Auto & Infrastructure sectors coupled with lag in impact of raw
material cost correction
• Steel companies are expected to be impacted by rupee depreciation resulting in surging imported coking coal prices
• SAIL and Tata Steel have their own captive iron ore mines but import their total coking coal requirements

Factors to watch in the Q3FY12 result
• Volume growth by individual companies
• Impact of Raw Material Cost Inflation (Coking Coal & Iron Ore)

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