Jindal Steel, Tata Steel, NMDC shares: Top Indian metal stocks to buy, sell or hold1 min read . Updated: 19 Mar 2023, 11:31 AM IST
- Besides, improving spreads and stable prices in India, the brokerage remains positive on improving demand outlook in China
Domestic brokerage and research firm ICICI Securities highlighted that in China, both rebar and hot rolled coil (HRC) inventories have declined. Despite the rise in prices, profitability is still below the 50th percentile of the past 15-year period, hence, the brokerage said there could be further hike in prices.
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