Metals Stocks Outlook For The Week - 18.06.2018 To 22.06.2018
Stocks of metal and mining companies may rebound next week after having seen a significant correction this week. Steel producers may command more attention as compared to their non-ferrous peers because of a strong outlook for the medium term. The correction in shares of steel producers is overdone considering the robust demand and price outlook for these companies. Shares of Tata Steel will remain in the limelight after recent reports suggested that its proposed joint venture with thyssenkrupp for its European operations might be restructured in favour of improved valuations for the German conglomerate.
Source : Cogencis Information Services Ltd.
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Stocks of metal and mining companies may rebound next week after having seen a significant correction this week. Steel producers may command more attention as compared to their non-ferrous peers because of a strong outlook for the medium term. The correction in shares of steel producers is overdone considering the robust demand and price outlook for these companies. Shares of Tata Steel will remain in the limelight after recent reports suggested that its proposed joint venture with thyssenkrupp for its European operations might be restructured in favour of improved valuations for the German conglomerate.
Source : Cogencis Information Services Ltd.
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