Uttam Galva Steel-Weak rupee to counter fall in metal prices: Uttam Galva

The sharp cut in most of the metals will help companies like Uttam Galva with costing. "But we wont know the real impact till the market actually stops moving," says deputy managing director of the company Ankit Miglani. On the flip side, the rupee depreciation will counter that effect, he adds.

On the whole, Miglani believes that the severe crunch in demand due to high inflation, interest costs and the global economic scenario will impact margins going forward.