Metal & mining stocks to face headwinds as China's export glut weighs on prices | Economic Times

Metal & mining stocks to face headwinds as China's export glut weighs on prices https://ift.tt/6Tat8uy said Indian steel mills cut HRC (hot rolled coil) prices for August by ₹3,500 per tonne to ₹58,500 from the previous month and CRC (cold rolled coil) by ₹2,500 per tonne to ₹66,000. The government in May had slapped an export duty of 15% on various steel products and imposed a 45% duty on iron ore pellets to rein in the prices.