Two reasons why metal stocks fell between 2-5% last week
Updated: 23 Aug 2022, 01:48 PM IST
TL;DR.Steel exports have been falling steadily since the government imposed a 15% export duty in May this year. For the April to June quarter, exports declined 39 percent, year-on-year. In June, exports declined 60 percent, y-o-y.
Global brokerage firm Credit Suisse, in its latest report, has said that it remains cautious on the Indian steel sector.