For the first quarter of FY-22 listed steel stocks have generated profits that are already three-fourth that of the full year ending FY-21. The sector has thus stood out for its June quarter earnings, the 2nd wave of Covid lockdown and drop in consumption notwithstanding. Higher prices and export opportunities buttressed earnings despite a drop in domestic sales.
Steel Stocks – Hot and Shining! Read More »
The stock of Tata Steel Long Products (TSLP) offers an interesting case study on how a commodity business in an unexciting category can acquire scale, a superior product mix and industry leadership through the inorganic route. Tata Sponge Iron, a sponge iron manufacturer, was incorporated in 1982 as a joint venture between Tata Steel and
Stock Review: Tata Steel Long Products – A long shot on the steel cycle Read More »
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