Hindalco Industries, chairman, Kumar Mangalam Birla today in the company‘s AGM said that the power cost pressure is hitting aluminum smelters hard. He also noted that China continuous to be a major demand driver for the company and copper consumption in Asia, except China, has slowed down.
In an interview with CNBC-TV18, Prasad Baji, Senior VP - Institutional Equities, Research, Edelweiss Securities Limited and J Mehra, Director of Essar Group and CEO, Essar Steel Holdings, speak about the announcements made for the metal sector in the budget.