Metal Sector

Reduction in import duty on raw materials and finished products of steel, and higher allocation under infrastructure and housing for all schemes in the Budget could augur well for domestic industry

According to CRISIL Research, India imported close to 57-59 million tonnes of coking coal - a key input for steelmaking - worth Rs 1 trillion in fiscal 2022

The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.

Price hikes in the offing, say metal producers; may have to pass on costs, say user industries

Russia accounts for 40% of global production of the auto-catalyst metal used in catalytic converters to curb vehicle emissions

Russia is a major producer of industrial metals such as aluminium and nickel

Metal and mining firms expected to lead earnings growth

The metal index is on the verge of breakout, if crosses 5,800 mark, another 6 per cent jump is very certain.

Net profit rises to Rs 82,500 crore; accounts for 20% of India Inc's combined net profit

KIL on Tuesday posted an over two-fold jump in its consolidated net profit

Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices

The Rs 1,107-crore initial share-sale of Shyam Metalics and Energy Ltd will open on June 14, merchant banking sources said on Saturday. The three-day initial public offer (IPO) will close on June 16 and the bidding for anchor investors will open on June 11, they said. The IPO comprises fresh issuance of equity shares worth up to Rs 657 crore and an offer-for-sale to the tune of Rs 450 crore by existing shareholders, according to the draft red herring prospectus. Those participating in the OFS are Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles. Going by the draft papers, the company intends to utilise the net proceeds from the fresh issue for repayment or prepayment of Rs 470 crore of its debt and that of its subsidiary, Shyam SEL and Power Ltd; and for other general corporate purposes. Shyam Metalics and Energy, which filed preliminary IPO papers with capital markets regulator Sebi in February, received its

Cloud over domestic demand, rising global supplies and high valuations are key concerns

After a year of limited activity, several economies are expecting a faster-than-usual bounce back to normal. This has led to an increase in commodity prices across the board

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

The BSE metal & mining index is up 144 per cent since the end of March 2020

While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes

Contingent liability a critical parameter too, according to analysts

Under the MoU, Hindustan Zinc will cater to both Tata Steel & Tata Steel BSL

The projects got the go-ahead at a State Level Single Window Clearance Authority meeting chaired by Chief Secretary A K Tripathy.