Credit Suisse Foresees Near-Term Boost in Steel Prices
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Update time : 2022-03-22 21:26:06
The steel prices in Asian countries are likely to witness notable near-term
boost, according to global investment bank and financial services firm Credit Suisse.
Neelkanth Mishra, Managing Director, Co-Head of Asia Pacific Strategy and India Equity Strategist,
Credit Suisse stated that it is not certain as to how long the volatility in energy costs will persist. A
complete pass-through of energy costs is unlikely, he said.
However, the volatility in energy prices may not be a huge negative from an earnings perspective,
Mishra added. Some companies may see their margins hit badly. The dip in volume growth seen during
the past several months may aggravate further. Credit Suisse foresees challenge on prices in the near-
torm
