Ferrous metals post strong gains in Q1, non-ferrous players struggle

August 28, 2025

Metal companies’ performance in June 2025 quarter was influenced by raw material and product prices. Ferrous producers saw profit growth due to higher domestic prices and lower coking coal costs. Non-ferrous firms had muted results from weaker aluminium and zinc prices. Steelmakers benefited from falling coking coal costs and government safeguard duties.

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Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?

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