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From JSW Steel To SAIL, Steel Stocks’ Stellar Run Disrupted By Supply Issues, Weak Demand
Why steel stocks' stellar run hit a bump.
14 Jul 2021, 03:10 PM IST
Steel stocks’ stellar run ended on diversion of oxygen to hospitals during the second wave of the pandemic and the onset of monsoon, a weak period of demand.Commentary from China is also weighing on the sentiment. The world's biggest consumer of commodities is releasing metals from state stockpiles to curb prices after factory inflation in May rose to its highest in 13 years.Global commodity prices were largely steady in June after s...
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