Metals, Mining Q4 Results Preview - Steel Margins Under Pressure; Base Metals Shine: Axis Securities

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.China’s demand uncertainty continues to linger as its property sector continues to remain sluggish. China’s steel demand remains slower than expected. China’s 3MMA YoY growth in ‘floor space started’ fell to -9.9% in December 2023. However, continued policy support has led to the easing of this fall, as the floor space started has slowly recovered from -45% YoY in August 2022 to -9.9% in Dec-23. According to the China Iron and Steel Association, the total steel inventory of key enterprises in mid-March-24 stood at 19.5 million tonne, up by 9.7 kt compared to early March-24. Hot rolled coil prices in China have corrected by 8% since Jan-24 to $535/tonne. Iron ore inventory at Chinese ports remained elevated at 142 mt as of April 03, 2024. Iron ore prices traded below $100/tonne on Apr 01, 2024, at a 10-month low level due to lower steel demand and increased supply from Australia. Coking coal prices have also eased from the peak of $367/t in Oct-23 to spot at $245/tonne, offering some respite to steel spot spreads..Click on the attachment to read the full report:.Chemical Sector Q4 Results Preview - Slower Than Expected Demand Pick-Up: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Metals, Mining Q4 Results Preview - Steel Margins Under Pressure; Base Metals Shine: Axis Securities

China’s demand uncertainty continues to linger as its property sector continues to remain sluggish.

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Metals, Mining Q4 Results Preview - Steel Margins Under Pressure; Base Metals Shine: Axis Securities

China’s demand uncertainty continues to linger as its property sector continues to remain sluggish.

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