India is not a major exporter of metals to the US, but any global price shift would surely impact the domestic pricing also. If Chinese producers or the European Union producers divert supplies to other nations, including India, we may see a glut with respect to the oversupply.
D-St soars on wings of peace and chances of an oil windfall
Indian markets surged on Wednesday, reversing Tuesday’s losses, buoyed by falling crude oil prices and a positive sentiment from the monsoon’s arrival. Key sectors like