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Monday, 12 June 2017

Metal prices in the international market have been reeling under pressure and trading cautious as the European Commission (EC) has imposed a new anti-dumping duties on steel products from China. EC imposed anti-dumping duty of 5-36% on hot-rolled steel products imported from China.

Taking cues from the international markets, metal stocks are trading lower on the Indian bourses. National Aluminium Company Limited is the top loser in BSE Metal index trading lower by 1.8% at Rs 65 per share.

BSE Metal index was trading lower by 36 points at 11,354 level as of 1505 hours. JSW steel was trading down by 1.41% at Rs 199.2 per share. Other Metal stocks including Hindalco, NMDC, Jindal Steel, SAIL and Coal India are also trading marginally lower on Monday. However, these stocks were trading in positive territory in the morning hours on Monday.

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