Metals & Mining: Strong quarter likely for steel companies :: Kotak Securities PDF link

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Metals & Mining: Strong quarter likely for steel companies
` Higher realizations and input costs decline to drive steel companies'
performance in 4QFY12
` Strengthening commodity prices to drive quarterly EBITDA growth for nonferrous companies
` Gains on unhedged forex exposure to provide further cushion to net
income
` Select stocks remain attractive; Tata Steel and HZ remain our preferred
picks