Q1 may be a mixed bag for steel sector
Q1 PREVIEW Ishita Ayan Dutt / Kolkata July 9, 2008, 0:14 IST The first quarter of the current fiscal is likely to be a mixed bag for the steel industry, which was asked to cut prices by the government as part of the steps to contain inflation. Integrated steel makers such as Tata Steel, which have captive raw materials, may post better results than its peers because it was able to absorb a part of the cost increase in raw materials.