Sector view | China’s shadow on the metals sector keeps getting longer
The sharp slowdown in China’s industrial sector in May keeps the risk on for metal producers
September 17, 2019 / 12:28 PM IST
Expectations that China’s industrial economy will show a recovery in August have been dashed. China’s industrial output rose by 4.4 percent in August, much lower than the 5.2 percent forecast by analysts, according to a Reuters report.
While this raises hopes that China will roll out a fresh round of economic stimulus, a slowdown in one of the world’s largest producer and consumer of metals raises risks for Indian metal producers. It comes at an inopportune time, when the Indian economy...