Non-ferrous Metal

Domestic demand for non-ferrous metals to grow 9% over two fiscals: ICRA

The domestic demand growth rate for non-ferrous metals is expected to remain healthy at 9 per cent in the next two financial years, according to Icra. The ratings agency also informed that the non-ferrous metal industry's profit margins to remain under pressure amid weak global environment. Aluminium, copper and zinc are some of the non ferrous metals. "The domestic demand growth rate is expected to remain healthy at 9 per cent in the next two fiscals and would sharply outpace the expected rate of global demand growth. Thus, Icra has maintained stable outlook on the sector," the agency said. Jayanta Roy, Senior Vice-President and Group Head, Corporate Sector Ratings, Icra, said the global consumption of non-ferrous metals decelerated during the current calendar year due to sluggish demand conditions, primarily in the developed nations. He further said that while there has been a partial recovery in demand from China compared to the lacklustre performance in the previous calendar y

Non-ferrous industry earnings to remain under pressure in FY24: Icra

Earnings of domestic non-ferrous metal industry players remain under pressure in the ongoing fiscal amid weak demand, according to Icra. Due to global macroeconomic uncertainties and weaker-than-earlier expected recovery in Chinese demand, international prices of the three non-ferrous metals viz. aluminium, copper and zinc fell by 11 per cent, 8 per cent and 30 per cent, respectively, in the last six months, the rating agency said in a report. "The earnings of the industry would remain under pressure in FY2024, after a lacklustre performance in the last fiscal. Significant metal price corrections remain the key headwind affecting the margins, with no immediate relief in sight," it said. The moderation in earnings, combined with the committed expansion plans of the players, is expected to increase the industry's leverage in FY2024. However, the debt protection metrics remain adequate in the base case scenario and, therefore, ICRA maintains a stable outlook on the sector. Global ...

Well-developed non-ferrous metals industry crucial for India: Saraswat

India needs a well-developed non-ferrous metals industry as it provides important raw material to many sectors which are the backbone of economic development, Niti Aayog Member V K Saraswat said

Consumption of non-ferrous metals to dip 3-8% in 2020 due to Covid-19: Icra

Consumption of non-ferrous metals like copper and aluminium would contract significantly this year due to the Covid-19 pandemic, rating agency Icra said on Thursday

Ferrous, non-ferrous firms will have to iron out loan-rejig challenges

The committee has identified five key ratios with different limits across sectors

Domestic non-ferrous outlook negative as global metal prices crash: Icra

Covid-19 outbreak drags aluminium prices by 16%, zinc by 23%, copper by 20%

Non-ferrous metal companies see sales drop by 4.7% in Sept quarter

Among the non-ferrous metal companies, aluminium firms witnessed 21 per cent contraction in sales

Limited upside for non-ferrous stocks

Since start of March those stocks have gained a little more than 50% each and by 22%