Metal Stocks Crash: Metal Stocks bad due to the havoc of Trump Tariff, Tata Steel broke more than 11%

New Delhi:
Today, on Monday morning, there was a big decline in the stock market. The Sensex-Nifty opened with a decline of 5 per cent. At the same time, shares of metal sector companies were badly broken. The biggest reason for this is that of US President Donald Trump’s new tariff policy and China’s retaliation, which deepened the fear of Global Trade War.
Tata Steel’s stock drops 11.56%
The BSE metal index fell 6.52 percent. Tata Steel Stock Price fell by about 11.56% to a 52 -week low. National Aluminum Company Limited 11.22%, APL Apollo Tubes 10%, SAIL and JSW Steel about 10% and Jindal Stainless also broke up to 9.91%.
At the same time, big names like Hindustan Zinc, Hindalco, NMDC and Jindal Steel also fell by 8 to 9 percent. Earlier on Friday, metal stocks had fallen by more than 8 percent.
Danger bell for metal companies?
Reliance Securities analyst Shriram Iyer said that Trump’s reciperook tariff and China’s 34% tariff retaliation has increased fear among investors. This can affect the demand for industrial commodities, which is a danger bell for metal companies.
In such a situation, if the global trade war is faster, then the metal sector may have to suffer further damage. Market experts say that until there is no solution between the US and China, there will be fluctuations in the metal stocks.
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