Metals set to lose lustre in third quarter

Corporate Bureau
Posted: Tuesday, Jan 13, 2009 at 2203 hrs IST
Updated: Tuesday, Jan 13, 2009 at 2203 hrs IST

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Posco project may kick start by Jan ArcelorMittal eyes new sites for steel plants Tata Steel sales up 25% in Aug

Mumbai: FY 09-10, say experts.

Falling flat

• Top line & bottom line to remain under pressure

• Lower steel prices, higher input cost & lower volumes being the reason

• Steel prices declined by more than 50% since July-August 2008

• Base metal prices dipped by more than 50% in the last couple of months...

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