Leading non-integrated steel players like Jindal Steel & Power Ltd (JSPL) and JSW Steel Ltd are set to profit from the muted hike in domestic iron ore prices. The subdued iron ore prices would also benefit Tata Steel as Bhushan Steel (a company Tata Steel took over in insolvency resolution...
UBS slashes 2009 coking coal forecast to $85/mt, below consensus UBS Investment Bank slashed its price forecasts for hard coking coal benchmark 2009 term contracts to $85/mt, well below consensus levels, on a "collapse in steel capacity utilisation." UBS expects a modest recovery in coking ...