Q4 Metals Preview, April 11 -- Axis Securities, in its report, indicated that in Q4FY25, the EBITDA for steel firms under its coverage, including Tata Steel and SAIL, is anticipated to show a quarter-on-quarter improvement primarily due to increased sales volumes and reduced coking consumption costs, although this will be slightly countered by a minor decline in steel price realisations.

For aluminium companies like Hindalco and NALCO, a robust year-on-year performance is expected in the quarter. Both EBITDA and EBITDA margins are projected to grow, driven by strong alumina prices (up 44% year-on-year) and an increase in LME aluminium prices (up 19% year-on-year), with sales volumes expected to remain stable or show year-on-year improvem...