Ferrous firms to show stable to higher margins despite lower steel prices, thanks to reduced coking coal costs. Non-ferrous producers likely to see margin dip due to lower metal prices and volumes
In the last one year, Hindalco Industries surged 24 percent, JSW Steel advanced 23 percent while Tata Steel jumped nearly 29 percent. In the last one month both Hindalco and Tata Steel rose around 7 percent each while JSW Steel remained flat.