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The World Steel Association released its Short Range Outlook on April 14, and it expects steel demand to increase 0.4% in 2022 to 1.84 billion mt and grow 2.2% in 2023 to 1.88 billion mt. ....
Should you use the correction to buy steel stocks? SECTIONS Last Updated: May 24, 2021, 11:38 AM IST Share Synopsis If the global economy recovers and there is no big supply addition in the next 2 years, we should see another round of uptick in metals, says Sandip Sabharwal. ETMarkets.com Related NSE Explore Now As China has become more serious in controlling inflation the upside in metal prices is restricted in the near term and so the performance of metal stocks will also be muted, says independent market expert Sandip Sabharwal in this interview with ET Now. Edited excerpts: Several brokerages have raised their price targets for ....
Explore Now Hemang Jani, Equity Strategist & Senior Group VP, Motilal Oswal Financial Services Ltd, says that if steel prices remain at where they are or if there is a marginal increase in prices in India, then the upgrades are going to be massive. Edited excerpts: A lot of activity is building up in Punjab National Bank counter? What s going on? We do not prefer PNB and other smaller PSU banks. Among PSU banks, SBI is the best one because of larger balance sheet, better clarity on slippages, etc. And even in terms of valuation, it is fairly priced. You may see big swings depending upon the developments and the way the entire banking sector moves. But from an investment perspective, that comfort is clearly towards SBI. ....