Valuations, demand uptick hopes favour Indian metal companies

Most metal players have underperformed the benchmarks over the past year

The reopening of China has led to an ongoing readjustment of the global metals and commodities markets. China has a massive production capacity surplus to its own domestic demand. At the same time, it also has high domestic demand.

China is also becoming carbon sensitive. The country’s data has not yet been released since China clubs January-February data together due to the New Year holiday period.

As a result, industrial metal prices have been volatile. International steel manufacturers who were suffering from low demand, have started to hike prices. Raw material costs have also soared. This could start to impact