Business Standard

Metal stocks: A buying opportunity for traders or a deeper fall?

Multiple factors such as containing the global banking crises and China reopening will determine how rocky or smooth is the road ahead

Steel makers, metal, industry, steel firms

Devangshu Datta
Given wild swings, investors are wondering where the metal market is going. There was a strong uptrend in industrial metal through much of the last three years due to fears of supply chain issues -- first due to Covid-19 and then due to the Ukraine War.

That uptrend broke down as it became apparent that global growth would moderate as inflation rose and Western Europe (the EU plus the UK) went into a near-recession and China was in a rolling lockdown. Industrial metals saw a brief bounce back in early 2023 as China reopened, and there were hopes that global

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First Published: Mar 20 2023 | 9:19 PM IST

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