METAL SHARES GAIN AS TRUMP SIGNS PHASE ONE TRADE DEAL WITH CHINA
Shares of metal stock shows postive sign after trump approval of trade deal with china.on Friday shares of Vedanta and Tata steel increased to 4.37% and TATA Steel increased by
3.8%.
According to the report of Bloomberg trump decision led to the introduction created new wave which benefits about $160 billion of consumer good from Asian countries.
Hindustan Copper limited company increased to 4.8%,similarly Tata steel (3.8%),SAIL (3.6%), JINDAL Steel (3.4%) and National aluminium company Limited(3.2%)
apart from this shares of Coal of India increased from 2 to 3 %.
Till the trump declaration of trade deal with china their was a constant decline in the metal industry.
During September decline in commodity prices ,sudden decline in demand decreased volume of production affects the performance of automobile industry .liquidity issues and weakness of automobile industry lea to further slump in demand.majority of the steel company faces similar crises during Fy19 expect a recovery in the second phase of Oct-march period of Fy20.
The deal presented by trump includes the Chinese promise to buy more U.S agricultural goods.
The global stock shows a record of high yield over trade.Trump tweeted that US and China are 'very close 'to sign a 'Bigdeal' .
HOW IMPACTED THE INDIAN METAL INDUSTRY?
Tata steel ,JSW steel ,JSPL Increased to 1200-2400 per tonne in Q2.
Shares of metal stock shows postive sign after trump approval of trade deal with china.on Friday shares of Vedanta and Tata steel increased to 4.37% and TATA Steel increased by
3.8%.
According to the report of Bloomberg trump decision led to the introduction created new wave which benefits about $160 billion of consumer good from Asian countries.
Hindustan Copper limited company increased to 4.8%,similarly Tata steel (3.8%),SAIL (3.6%), JINDAL Steel (3.4%) and National aluminium company Limited(3.2%)
apart from this shares of Coal of India increased from 2 to 3 %.
Till the trump declaration of trade deal with china their was a constant decline in the metal industry.
During September decline in commodity prices ,sudden decline in demand decreased volume of production affects the performance of automobile industry .liquidity issues and weakness of automobile industry lea to further slump in demand.majority of the steel company faces similar crises during Fy19 expect a recovery in the second phase of Oct-march period of Fy20.
The deal presented by trump includes the Chinese promise to buy more U.S agricultural goods.
The global stock shows a record of high yield over trade.Trump tweeted that US and China are 'very close 'to sign a 'Bigdeal' .
HOW IMPACTED THE INDIAN METAL INDUSTRY?
Tata steel ,JSW steel ,JSPL Increased to 1200-2400 per tonne in Q2.
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