Metals And Mining Q1 Result Preview - Q1 FY22 Set For Highest-Ever Earnings: Systematix

Coal being loaded inside a steel factory in India. (Photographer: Dhiraj Singh/Bloomberg)

Metals And Mining Q1 Result Preview - Q1 FY22 Set For Highest-Ever Earnings: Systematix

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.

Systematix Report

The pricing buoyancy in metals and allied raw materials witnessed in H2 FY21 has flowed through Q1 FY22.

Demand has recovered steadily and pricing of most metals is now much higher than in Q1 FY22; exit prices are also above the Q1 FY22 averages and significantly higher year-on-year, implying sustained strong near-term earnings growth momentum.

International benchmark sea-borne iron ore prices rose sharply towards the end of November and are largely flat since January.

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Systematix Metals & Mining Q1FY22 Result Preview.pdf

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