Expect non ferrous metals to do better in Q4: Emkay

Emkay Global Financial Services has come with its March quarterly earning estimates for Metals and Mining sector. According to the research firm, non ferrous metals are expected to do better than ferrous metals, as steel prices broadly are likely to remain under pressure on weak domestic demand.

April 09, 2012 / 17:32 IST

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Emkay Global Financial Services has come with its March quarterly earning estimates for Metals and Mining sector. According to the research firm, non ferrous metals are expected to do better than ferrous metals, as steel prices broadly are likely to remain under pressure on weak domestic demand.

Q4FY12 brought some cheer to the metals industry on account of improvement in prices with some respite in terms of costs over the previous quarter. However, this can be attributed to seasonality. No respite came from the regulatory issues during the quarter despite wide expectations. Freight rates however were hiked and coal India

first published: Apr 2, 2012 05:49 pm

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