scorecardresearchMetal sector near 52-week low; should you begin bottom fishing?

Metal sector near 52-week low; should you begin bottom fishing?

Updated: 22 Jun 2022, 10:12 AM IST
TL;DR.
  • Metal stocks have been falling and among the metal counters, steel companies have suffered more after the government imposed an export duty on steel.
Metal stocks saw a sharp correction amid concerns that a potential global recession and coronavirus outbreak in top consumer China could erode demand for metals. REUTERS/Anindito Mukherjee

Metal stocks saw a sharp correction amid concerns that a potential global recession and coronavirus outbreak in top consumer China could erode demand for metals. REUTERS/Anindito Mukherjee