Both ferrous and non-ferrous companies are expected to deliver strong performance in 2QFY18 largely on the back of steady price hikes and lower coking coal price for ferrous players and higher LME prices for non-ferrous players. Despite being a seasonally weak quarter, we expect the ferrous companies to report sequential volume growth led by higher exports and lower imports. The non-ferrous companies are expected to deliver an impressive YoY performance on the back of 24-33% rise in base metal prices, despite 4.3% appreciation in INR. Notably, following a dull show in 1QFY18, the ferrous prices rose to the tune of Rs1,500/tonne sequentially. Further, the steel companies are expected to show...