BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
During May, Indian steel prices declined by 11% month-on-month led by imposition of export duty on steel. Even Chinese hot rolled coil steel prices fell by 7% month-on-month.
Although coking coal fell 11% month-on-month to $429/tonne in May, it remains well above historical levels.
Coking coal prices have increased ~three times in the past one year but these prices are unsustainable in our view.
For April, global steel production increased 1.2% month-on-month to 163 million tonnes while Chinese steel production increased by 5% month-on-month to 93 million tonnes.
Chinese steel exports were flat month-on-month at five million tonnes. Meanwhile, Indian crude steel output increased by 6% YoY to 101 million tonnes.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
