Global headwinds have impacted the metals pack. Cost push in the ferrous space has led to higher steel prices, while healthy consumption in the construc-tion, infrastructure and automotive segments will likely support higher volumes
Angel Broking has come out with its report on metal sector. According to the research firm, iron ore prices are expected to decline as significant newer capacities by global iron ore giants such as BHP Billiton, Rio Tinto and Vale hit the sea-borne markets.
Emkay Global Financial Services has come out with its report on metal sector. According to the research firm steel prices rose along with iron ore prices.
Select base metals rose at the non-ferrous metal market here today due to renewed buying by stockists amid better industrial offtake. Meanwhile, brass sheet cutting declined on subdued demand from from the consumer industries.