UBS upgrades ratings on Tata Steel, JSW Steel

“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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