Moneycontrol PRO
you are here: HomeNewsOpinion

Clouds over steel stocks have darkened

The after effects of a sharp cut in iron ore prices pose a threat to India’s major steel producers

June 23, 2022 / 12:58 PM IST
Clouds over steel stocks have darkened

(Image: Shutterstock)

Iron ore prices are sending a signal that distress may lie ahead for the steel sector. The industry outlook had already dulled in 2022 due to a series of setbacks, including rising energy costs, China’s real estate slowdown, the Russia-Ukraine war’s impact on demand and central banks hitting the brakes on easy monetary policy, a course correction that will slow the world economy. But all of this was already known. In fact, in India, matters had turned worse after the government imposed...

  • PRO Panorama

    Moneycontrol Pro Panorama | Economy is expanding, but…

    Jul 5, 2022 / 05:22 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Metal mettle, a high growth scrip, the missing lever in the bond market, India’s stretched market valuation, and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers