Q4 results: Metals & mining firms riding high on the commodity price rally

Metal companies are expected to post a stellar performance in the March quarter (Q4FY21) on the back of higher realisations and strong volumes. “We expect Q4 to be a blockbuster for ferrous with never-seen-before profitability with an uptick in realisation of Rs 5,500-6,000 per tonne and possibility of deleveraging to sustain along with higher mix of exports,” analysts at Edelweiss Research said in a report. The spread between landed price of imports and domestic steel prices widened to 19 per cent in March from 2 per cent in October as domestic steel prices rose slower.....

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