Q4 results: Metals & mining firms riding high on the commodity price rally

Exports jumped 126 per cent year-on-year in March to 1.29 MT, compared with a monthly average of 0.65-0.75 MT in recent times

Topics
metal sector | Q4 Results | Mining industry

Aditi Divekar 

Metal companies are expected to post a stellar performance in the March quarter (Q4FY21) on the back of higher realisations and strong volumes. “We expect Q4 to be a blockbuster for ferrous with never-seen-before profitability with an uptick in realisation of Rs 5,500-6,000 per tonne and possibility of deleveraging to sustain along with higher mix of exports,” analysts at Edelweiss Research said in a report.

The spread between landed price of imports and domestic steel prices widened to 19 per cent in March from 2 per cent in October as domestic steel prices rose slower ...

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First Published: Thu, April 15 2021. 06:10 IST
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