Analysts at BofA Securities have turned positive on the Indian steel sector due to higher steel prices and improving China's steel demand outlook
According to Icra, the demand environment is expected to improve somewhat in the second half of FY2020, following a likely pick-up in infra spending.
The move by the ministry through two separate notifications on September 16 is seen as an effort to reduce concerns regarding the expiry of mines.
Brokerages remain positive on profitability of Indian manufacturers
Chinese infra spending has boosted local demand, just as govt shuttered mn of tons of overcapacity
JSW, Tata Steel best-placed to gain most from the sector's re-rating