Friday, May 5, 2017

Why Steel Stocks doesn't reacted to India's new steel policy 2017 ?

Here We go !  The price of Cocking Coal has increased sharply in the  month of April 2017 & there was huge disruption in exports from Australia a major exporter of coal, due to a cyclone which damaged railway lines connecting mines. This will affect the Bottom of Steel Cos and effect will be seen in Q2/2017-18. Off course, the New Steel Policy is good for Indian Steel Cos. It will be prudent to invest in Steel Sector after Q2/2017-18 results.
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