Should you subscribe to Shyam Metalics and Energy IPO? - The Hindu BusinessLine
While fundamentals look good, it is unclear how earnings will fare across the length of a volatile commodity cycle
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While fundamentals look good, it is unclear how earnings will fare across the length of a volatile commodity cycle
Social inventories of long steel (including wire rods and rebar) in Guangzhou decreased 140,800 mt or 10.24% in the week ended April 26 to 752,400 mt, showed SMM data. Stocks were 24.75% lower than the same period last year.
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Planned output of construction steel rebar across China's major blast furnace steelmakers is estimated to rise 2.45% from the achieved production in February to 8.19 million mt in March, showed an SMM survey.
Planned output of construction steel rebar across China's major blast furnace steelmakers is estimated to fall 1.85% from the achieved production in December to 7.98 million mt in January, showed an SMM survey.