04.01.2016 - What metals will look like in 2016
The global commodity free fall played havoc with Indian metal companies in 2015, pushing many to the brink of operational losses and capacity shutdowns. The new year will be crucial to see which way the prices move. Metal manufacturers will also be banking on a pick-up in the domestic economy and some support from the government to fend off cheaper global imports. In 2015, banks invoked strategic debt restructuring for a number of stressed steel makers. Over the next 18 months, banks will look for buyers for these assets. The availability of assets at potentially reasonable valuations may give larger firms the option to buy assets and consolidate their hold on the markets. Private equity firms which run stressed asset funds may also emerge as buyers...............................................Full Article: Source
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