After recovering in Q4 of FY20, the ferrous metals segment is headed for a subdued start in FY21.
Analysts believe that strict quarantine measures to enforce lockdown will lead to
Ferrous metals headed for subdued start in FY21 due to dip in auto demand
Analysts believe that strict quarantine measures to enforce lockdown will lead to demand erosion even though the supply side is facing relatively lower disruptions
 "metals sector, lead, copper, aluminium, steel")
Premium
Pricing pressures on steel is also weighing on raw material costs
Topics : Coronavirus metal sector Indian Metals & Ferro Alloys iron and steel industry iron ore trade automobile manufacturer auto demand
First Published: May 4 2020 | 6:52 PM IST
Key stories on business-standard.com are available only to BS Premium subscribers.
Register to read more on Business-Standard.com
