Graphite India - A Key Beneficiary Of Current Upcycle In Steel: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Over the last few months there has been a healthy uptick in global steel prices as well as global steel production levels.
We believe graphite electrode players will be a key beneficiary of the current upcycle in steel.
Even during the first couple months of 2021, global crude steel production witnessed steady growth, auguring well for graphite electrode majors.
During January-February 2021, global steel production was at 315 million tonnes, up 6.6% YoY.
In addition to higher global steel output, steel prices have witnessed healthy strength.
Both above-mentioned factors i.e. higher global steel output and strength in global steel prices has put graphite India in a sweet spot.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.