The easing of covid norms and support by the Chinese government for its ailing property market have improved investor sentiment towards metal stocks. .Rising consumption and demand in China, the largest consumer of commodities, is expected to drive global demand and prices for metals, analysts said. Sentiments have improved significantly and metal prices have been rising, they added.
"China has started to ease covid policy and support its ailing property sector. We believe the worst-margin quarter for the Indian steel sector, and the big chunk of earnings cuts for Tata Steel and Hindalco are behind," analysts at Jefferies India Pvt. Ltd said in a recent report.
Through 2022, global metal demand outlook had weakened led by the Chinese real estate crisis and covid lockdowns. Also, interest rate tightening measures by central banks worldwide continued to induce recessionary concerns across developed markets.
هذه القصة مأخوذة من طبعة January 13, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 13, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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