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Monday, April 24, 2017

Higher coal iron ore prices to take sheen off steel-makers#39; Q4 earnings

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Higher coal iron ore prices to take sheen off steel-makers#39; Q4 earnings Despite a sequential improvement in realization of Rs 1,500-2,000/tonne, Elara Capital expects operating income of steel manufacturers to be hit on the back of higher coal costs. The brokerage expects JSW Steel to be affected the most as it has been hit with both higher coal cost (up by Rs 3,400/tonne) and iron ore cost (up by Rs 200-250/tonne) in Q4.

April 24, 2017 at 01:11PM

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