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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
Sector view | China’s shadow on the metals sector keeps getting longer

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...

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