On February 5, the government imposed minimum import prices (MIP) on steel products for a period of six months in a bid to stop the deluge of cheap imports.
Chintan Mehta, Metal Analyst, Sunidhi Securities believes it will be a positive for metal manufacturers who don't have captive mines but could be a set back for players like NMDC
Bhavesh Chauhan, Metal Analyst, Angel Broking recommends booking profits in Coal India on back of tepid volume growth and sees no incremental price hikes going forward.
Bhavesh Chauhan, Metal Analyst, Angel Broking is neutral on JSW Steel.
NMDC and Tata Steel are the top picks in metal space, says Bhavesh Chauhan, Metal Analyst, Angel Broking.
Bhavesh Chauhan, Metal Analyst, Angel Broking is neutral on Coal India.