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Tata Steel
Company remains cautiously optimistic on the India business profitability outlook.
Demand remains weak with the Auto and white goods segment seeing weaker
demand, however cost push in the domestic Indian steel market has supported prices
and hence TATA’s India profitability.
On Europe, TATA sees under lying demand as relatively steady, though volatility in
raw material prices and hence steel prices has led to deferment of steel purchases.
TATA does not see any major increase in net debt from current levels at least for the
next 1 year.
Sterlite Industries
Sterlite Industries (STLT) remains cautiously optimistic on commodity prices. Given
that the company’s key mining assets in zinc are among the lowest cost in the world,
STLT expects the zinc business to remain highly profitable.
Across the group, the aluminum expansion projects have been deferred for the time
being, and would be selling power in the market.
As of now there are no large capex projects being planned by the company.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Tata Steel
Company remains cautiously optimistic on the India business profitability outlook.
Demand remains weak with the Auto and white goods segment seeing weaker
demand, however cost push in the domestic Indian steel market has supported prices
and hence TATA’s India profitability.
On Europe, TATA sees under lying demand as relatively steady, though volatility in
raw material prices and hence steel prices has led to deferment of steel purchases.
TATA does not see any major increase in net debt from current levels at least for the
next 1 year.
Sterlite Industries
Sterlite Industries (STLT) remains cautiously optimistic on commodity prices. Given
that the company’s key mining assets in zinc are among the lowest cost in the world,
STLT expects the zinc business to remain highly profitable.
Across the group, the aluminum expansion projects have been deferred for the time
being, and would be selling power in the market.
As of now there are no large capex projects being planned by the company.
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