Metal stocks under pressure for the second day in a row – Check reasons what leading to low consumption
The metal stocks reeling under pressure lately on multiple fronts from weak demand from the construction due to monsoon to auto companies facing semi-conductor issue. The metal index was the biggest laggard, down over 2 per cent today dragging most of the benchmark indices.
Despite higher production, the consumption of finished steel has been lower than that registered by steel companies in August 2021: PTI