Metals Sector Check - In Search Of Better Risk Reward: ICICI Securities

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Chinese steel production cuts and a surprising improvement in steel demand (up 1% month-on-month in August 2021) helped reduce steel exports month-on-month in August 2021. Steel fared better than aluminium; aluminium witnessed ~ 4.5% month-on-month increase in exports in August 2021. The demand lead indicators are still weak leaving the steel price resurrection story in H2 CY21 dependent on the intensity of production cuts. Chinese steel profitability has declined further on the back of increasing coking coal prices. Further, Chinese environment ministry has released the draft notice on FY22 heating season iron and steel production restrictions for consultations. Each day the correction in steel prices gets postponed, deleveraging adds to fair value for listed steel equities..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Metals Sector Check - In Search Of Better Risk Reward: ICICI Securities

Metals Sector Check - In Search Of Better Risk Reward: ICICI Securities

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