Steel stocks have lost their shine after reports stated that government banned exports of Primary Steel. Also Primary steel has been removed from focus product scheme.
For the first 11 months of the current financial year, industrial production grew by 8.7% compared to 11.2% in the corresponding period of the previous year. But, now with industrial production picking up in February, the Government can heave a sigh of relief and the Reserve Bank of India (RBI) can consider hiking the CRR to check inflation. Cement companies have added an additional capacity of 17mn tons in 08, as against 6mn tons the previous year and production for the year ended 31 March ' 08 has increased 7.09% to 166mt.
0 comments:
Post a Comment