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Apr 07, 2012, 03.59 PM IST
KRChoksey has come with its quarterly earning estimates on Metals sector for March 2012. As per the research firm, steel companies are expected to be impacted by rupee depreciation resulting in surging imported coking coal prices.
KRChoksey has come with its quarterly earning estimates on Metals sector for March 2012. As per the research firm, steel companies are expected to be impacted by rupee depreciation resulting in surging imported coking coal prices.
Steel company’s margins to remain under pressure on the back of higher raw material costs amid subdued demand scenario from major sectors like Infrastructure & Auto. Iron Ore prices are expected to be firm on the back of Mining ban in Karnataka; we expect tough times for the non-integrated steel players. Steel companies are expected to be impacted by rupee depreciation resulting in surging imported coking coal prices. 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 Q4FY12 result
• Volume growth by individual companies
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