Q3 earnings: Metal players to see muted performance as weak realisations outweigh volumes, cost improvement
Updated : January 10, 2020 05:55 PM IST
Iron ore and coking coal cost per tonne of steel consumption receded by Rs 500-600/tonne and Rs 1,400-1,600/tonne.
The cost improvements fell short of covering the entire fall in the price hike, translating to lower EBITDA/tonne.
The non-ferrous space has performed better mainly due to moderating power costs.
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