Metals Stocks Outlook For The Week - 21 To 25.05.2018
Stocks of metal and mining companies are likely to remain weak next week, in line with the sentiment for the broader market. As most major companies have announced their earnings for the March quarter, the focus will shift back to movement in base metal prices. For steelmakers,
developments related to acquisitions of bankrupt-steel assets will also be in focus. India's two largest steel makers have indicated that they expect the demand for steel to sustain, and prices to remain at the current high levels.
Source : Cogencis Information Services Ltd.
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Stocks of metal and mining companies are likely to remain weak next week, in line with the sentiment for the broader market. As most major companies have announced their earnings for the March quarter, the focus will shift back to movement in base metal prices. For steelmakers,
developments related to acquisitions of bankrupt-steel assets will also be in focus. India's two largest steel makers have indicated that they expect the demand for steel to sustain, and prices to remain at the current high levels.
Source : Cogencis Information Services Ltd.
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