Metals & Mining: Q1FY24 Review
Nalco’s Revenue/EBITDA/PAT missed our estimates and dropped by 16%/32%/40% YoY and by 13%/22%/33% QoQ led by a drop in the average LME Aluminium...
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Metals - Q1FY24 Earnings Preview
On a YoY basis, too, margins are expected to contract despite higher volumes YoY (on a low base) as HRC prices are now down by 15% YoY from the...
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Metals - Q4FY23 Earnings Preview
Tata Steel Europe’s sales volume declined to 2.13 MT, down 11% YoY, but recovered by 7% QoQ, indicating an improving demand environment.
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Metals and Mining - Q3FY23 Earnings Preview
We expect Tata steel to report revenue de-growth on both YoY/QoQ basis, led by a drop in HRC prices at India and Europe (ex-Mumbai prices down 25%...
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Steel Export Duty Roll Back - Government Rolls Back Export Duties On Steel, Iron Ore, & Pellets
Export duty on Iron ore exports and the concentrate is reduced from 50% (for all grades) to NIL for Fe grades < 58%, and to 30% for Fe>58%.
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