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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