Metals feel the heat of Turkey crisis, US-China trade war2 min read 20 Aug 2018, 08:04 AM IST
While domestic metal companies will be affected by the decline in metal prices, producers will benefit from the rupee fall but their imports will become expensive
Metals are bearing the brunt of global risks, which only seem to be mounting every month. August saw the US ratchet up trade tensions with Turkey, setting off a rout in emerging market currencies as investors took refuge in the dollar. Earlier, trade tensions between the US and China and economic sanctions on Russian entities roiled metal markets.
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