“Steel realisations remain high with price hikes (amid tight supply and high raw material costs), robust domestic demand and high international prices,” said UBS in a report to clients. “We expect peak margins in FY22, and gradual normalisation as new capacity comes online.”
from Stocks-Markets-Economic Times https://ift.tt/2OKR7O8
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» UBS upgrades ratings on Tata Steel, JSW Steel
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