Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
Tata Steel has raised prices of hot rolled (HR) and cold rolled (CR) coils, used by the automobiles and consumer durables sectors, by Rs 500-750 a tonne. This is the first increase in HR in the last eight months. The increase was on monthly contracts and was effective from the June contract. The increase was being implemented in select regions of the country.
The earlier increase announced by Tata Steel was for CR and galvanized steel. Other steelmakers are adopting a wait-and-watch approach before deciding on increasing rates. Anil Sureka, director (finance), Ispat Industries, also echoed similar views stating that the company is not doing anything this month but may take a call later next month. JSW Steel is also expected to review prices only in the month of July.
The industry is expecting a hike in import duty to 15 per cent. A proposal for imposition of safeguard duty, in the wake of cheap imports, is also pending. Steel prices had fallen by almost 60 per cent from their peak levels in July 2008. Global HR coil prices, which were ruling at $1,100 in July last year, were down to $380 a tonne till last month.
However, prices have started recovering and the world’s largest steelmaker, ArcelorMittal, has increased prices in the last 10 days to $450 a tonne in the
The domestic market was less affected than the international market. Domestic prices were higher than international prices before the recovery. But domestic steel producers were expected to increase prices significantly from next month, on the back of a global recovery as well as increased spending on infrastructure from the government, expected to be announced in the budget.
crackcrack
| Company Name | CMP |
|---|---|
| Tata Steel | 141.50 |
| JSW Steel | 1044.85 |
| SAIL | 118.05 |
| Jindal Stainless | 572.45 |
| Jindal Saw | 268.05 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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