Global headwinds have impacted the metals pack. Cost push in the ferrous space has led to higher steel prices, while healthy consumption in the construc-tion, infrastructure and automotive segments will likely support higher volumes
Vedanta is present in both ferrous and non-ferrous businesses, including oil and gas, making it highly vulnerable to commodity prices and economic cycles
Apart from speculation, there are underlying fundamentals that support a rise in iron ore prices
In an interview to CNBC-TV18, Aashish Tater, head of research at Fortunewizard.com picks Ion Exchange and Manganese Ore India Ltd (MOIL) as his multibaggers.
Emkay Global Financial Services has come out with its report on metal sector. According to the research firm steel prices rose along with iron ore 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.