Sharing is caring

Metal stocks proved to be the best returners in the pandemic-shaken 2020-21 fiscal year. Analysts now believe the bull market is likely to continue with prices in the metal stocks segment rising and demand in the sector increasing.

Metals stock boom could continue after dream run in 2021
Metals stock boom could continue after dream run in 2021

Strong rise in commodity prices and steel

The metals and mining sector also saw a strong rise in commodity prices, and steel was one of the best performing commodities in the just-ended fiscal year 2021.

The S&P BSE Metal Index has gained 176 percent over the past year.

Source: daijiworld.com

Steel prices likely to rise again in April

While India’s HRC prices were flat in March 2021 and below the January 2021 peak, they rose 42% year over year.

In the short term, prices are expected to rise further in April 2021. Domestic demand is strong. Export prices from Vietnam have increased. Local Indian steel is currently cheaper than imported steel.

Source: financialexpress.com

Read also:


Sharing is caring
Receive all the latest news once a week

Receive all the latest news once a week

Make it easy for yourself: we will remind you once a week about the latest news.

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!