Data shows that the export duties have hit domestic steel prices, which have continued to decline for 10 successive weeks
Bhavesh Chauhan, metal analyst at Angel Broking and Ankit Miglani, deputy managing director of Uttam Galva, in an interview to CNBC-TV18, share their views on how the metal sector is going to perform going forward.
The follow-on public offer (FPO) of the world's seventh largest steel maker Tata Steel opened for subscription on Wednesday. The company aims to raise Rs 3,385.8-3,477 crore through the issue, which will close on January 21. "The board will review additional fund raising later," said, the group’s chief financial officer Koushik Chatterjee.