Yesterday's steel rally came about due to the better result and forecast given out by Acellor Mittal , whose figures seem to be improving despite the losses in the last quarter and it has also reports larger ore shipments.The improving economy in Europe also means a better and improved market for the company's products.
Tata steel should rally along as an improved Europe will mean better market for their products too, with SSLT ore shipments should take of the progress for some more time to come.The outlook for both the companies look good in medium term and will rise as it goes by.
Tata steel should rally along as an improved Europe will mean better market for their products too, with SSLT ore shipments should take of the progress for some more time to come.The outlook for both the companies look good in medium term and will rise as it goes by.