metal prices - a 25% fall
this table from Indiainfoline,
shows have steel price have reacted from March. I expect another 20% decline.
Metals melt as prices, demand fall 6/13/2005 6:14:50 PM IST - Indiainfoline
"it’s amazing how fortunes change in the stock market. Last year and early this year, metal shares were the toast of the town as international prices shot through the roof even as demand, both local as well as overseas, remained robust. However, things have turned sour for them since the middle of March and many of them have lost quite a lot of shin. Among the major losers have been Tata Steel, SAIL, NALCO, Jindal Steel, Essar Steel, etc have lost significantly in the last three months.
"
shows have steel price have reacted from March. I expect another 20% decline.
Metals melt as prices, demand fall 6/13/2005 6:14:50 PM IST - Indiainfoline
"it’s amazing how fortunes change in the stock market. Last year and early this year, metal shares were the toast of the town as international prices shot through the roof even as demand, both local as well as overseas, remained robust. However, things have turned sour for them since the middle of March and many of them have lost quite a lot of shin. Among the major losers have been Tata Steel, SAIL, NALCO, Jindal Steel, Essar Steel, etc have lost significantly in the last three months.
| Index | 15-Mar-05 | 13-Jun-05 | % Change |
| Metal | 6977 | 5279 | -24.3 |
| Index | 6752 | 6833 | 1.2 |
"
posted by tvm at 9:50 PM
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