Metal Sector

The earnings of primary base metal industry is expected to remain weak in the near-term, mainly on high energy cost and range-bound market rates, according to ICRA. While better coal linkage availability would provide some respite, the margins would remain significantly lower than the levels seen in FY 2021-2022, the ratings agency said in its latest report. ICRA expects the "primary base metal industry's earnings to weaken significantly in FY2023 and remain so in the near-term, owing to stubbornly high energy costs and range-bound metal prices," it said. The list of base metals include aluminium, copper, nickel, tin, lead and zinc. "The operating margins of domestic base metal entities are estimated to weaken significantly by around 10 percentage points in FY23, owing to the double whammy of metal price corrections and elevated coal costs. "Consequently, the operating margin of domestic entities is expected to remain range-bound at 19-20 per cent in FY24," Jayanta Roy, Senior ...

Multiple factors such as containing the global banking crises and China reopening will determine how rocky or smooth is the road ahead

The business is involved in renewable energy, shipping and mining, and was founded by the magnate as an export-and-import house in India

Most metal players have underperformed the benchmarks over the past year

Earnings may bottom out during Oct-Dec quarter, say analysts

The BSE Metal Index rallied 1.5 per cent, outperforming the benchmark Sensex which rose 1.41 per cent

Margins may have bottomed out, say analysts

Bright future for sector could be a reason, say experts

'Move would also drive synergies' and increase value for shareholders, says company

Metal spreads may not yet have bottomed out with guidances indicating Q2' FY 2022-23 may see lower profitability

Steel Minister Jyotiraditya M Scindia on Friday said the metal sector is highly energy-intensive which causes large carbon emissions, and there is a need to adopt new technologies for attaining the zero-emission target. The iron and steel industry globally accounts for around 8 per cent of total carbon dioxide emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions. In today's world nothing is waste and all so-called wastes can be converted into resources by adopting suitable technology, the minister stated. Speaking at an international conference on circular economy and resource efficiency, Scindia said majority of natural resources are finite, so it is important to find environmentally and economically feasible ways to utilise these resources. The country's mining and metal sector, he said, is posed for robust development due to expected jump in demand to support the growth in the automotive, infrastructure, transport, space and defen

Company sees consumption rising as electric vehicles increase and light metals become more important

Aluminum is one of the most energy-intensive metals to produce, and closure of the Slovalco facility adds to growing signs of stress in Europe's industrial economy as power prices surge to record high

EBITDA margins have been maintained with an impressive growth momentum in line with the company's plans with a Y-o-Y increase of 40.11%.

While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time

Stocks to Watch Today: Shares of metal companies are also to be in focus as copper prices fell to 17-month lows amid new COVID restrictions in China, slowing global manufacturing activity and a jump i

Interest rate hikes, however, remain a pet peeve

Host of sectors pushing up need for metals; capital outlay significant by firms, say experts

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.