scorecardresearchTwo reasons why metal stocks fell between 2-5% last week

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.

Global brokerage firm Credit Suisse, in its latest report, has said that it remains cautious on the Indian steel sector.