Metal and Mining share price target

Metals and Mining Q3FY24 Results Preview BASE METALS MARGINS TO EXPAND; FERROUS NAMES LIKELY TO SEE MARGINAL MARGIN CONTRACTION

Metals & Mining: Ferrous read-across Investors' call with ArcelorMittal

Europe and US markets are seeing initial recovery from low margins, but a pick-up in demand is needed for next leg of recovery

The Indian steel industry is on the path of revival, as the government’s infrastructure push has provided a much-needed impetus for a struggling sector. Despite global challenges, this sector is finding its feet and recorded increased production volumes in the first half of FY24.

The Central Government’s massive infrastructure development plans, growing urbanisation levels, Housing for All schemes, transition to renewable energy along with investment in the metro rail network and railway electrification are likely to
sustain domestic copper demand growth.