Graphite India Ltd.

NSE: GRAPHITE | BSE: 509488 | ISIN: INE371A01025 | Industry: Other Industrial Goods
| Mid-range Performer

503.30
1.49%
ICICI Securities Limited
During the quarter ended September 2021 (Q3CY21), global steel production excluding China registered a strong increase of 15.3% YoY but was down 2.7% QoQ. Chinese steel production for the quarter declined 14.2% YoY and 16.6% QoQ, in line with their strategy to keep steel output at 2020 levels as a part of their goal to reduce carbon emissions. With the decline in steel production and exports from China, there may be a gradual increase in steel production from EAF steel producing countries, which augurs well for both graphite electrode demand and realisations...
Graphite India Ltd. is trading above its 100 day SMA of 493.5
More from Graphite India Ltd.
Recommended