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Shares of metal and mining companies are trading lower on concerns that sluggish economic growth in China, the world's largest consumer of metals, would result in a lower export demand going forward. CLICK FOR FULL REPORT
China revised its annual economic growth rate in 2014 to 7.3% from the previously released figure of 7.4%, according to the National Bureau of Statistics due to a slower services industry growth of 7.8% previous year, down from an initially reported 8.1%.
In the metal pack, Hindalco, NMDC, Tata Steel, JSPL, Hindustan Copper and JSW Steel were down between 0.5-3%. Meanwhile, at 12 PM, the BSE Metal index has dropped 1.2% and is quoting at 7031.59 levels.
