Whalesbook
ICICI Securities Vice President Vikas Singh forecasts a potential ₹1500-2000 per tonne drop in domestic steel prices if the government does not impose a safeguard duty on imports, which is under active consideration. He stated the duty would enhance Indian steel's competitiveness. Singh also maintains a positive outlook on Vedanta with a ₹580 target, contingent on its demerger, and remains constructive on Tata Steel, while anticipating a ₹500-1000 rise in long steel product prices due to seasonal demand.