SAIL share price edges lower ahead of Q4 results. Here is what analysts expect
SAIL share price edged lower during the intraday trade on Wednesday ahead of the announcement of its March quarter (Q4) results. SAIL share price was trading up to 1% lower on Wednesday, a day when the Indian stock market was also under pressure.
Steel Authority of India (SAIL) is expected to benefit from the decline in raw material prices on a sequential basis, though steel prices have seen some pressure.
Steel and raw material price movement
Weak local consumption and demand in China, rising exports and excess Chinese supplies have kept pressure on global prices. China remains the largest consumer of commodities in the world, and hence, China’s supply and demand remain key for global metal prices. The safeguard duty in India is…
