{"id":5394,"date":"2025-03-17T16:42:35","date_gmt":"2025-03-17T11:12:35","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=5394"},"modified":"2025-05-27T11:37:39","modified_gmt":"2025-05-27T06:07:39","slug":"metals-rally-up-to-3-after-two-day-slump","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/metals-rally-up-to-3-after-two-day-slump\/","title":{"rendered":"Metals Rally Up to 3% After Two-Day Slump"},"content":{"rendered":"<h2 data-start=\"0\" data-end=\"103\">What\u2019s Driving the Surge Amid Trump\u2019s Tariff Threat?<\/h2>\n<h2 data-start=\"105\" data-end=\"182\">Indian Metal Stocks Shine as Dollar Weakens, Trade Tensions Escalate<\/h2>\n<p data-start=\"184\" data-end=\"490\">Metal stocks in India surged on March 17, reversing a two-day losing streak, as a weakening US dollar and expectations of safeguard duties on steel imports fueled investor sentiment. The Nifty Metal Index gained nearly 1%, with stocks of major metal producers rising up to 3%.<\/p>\n<h3 data-start=\"492\" data-end=\"533\">Top Gainers in the Metal Sector<\/h3>\n<p data-start=\"535\" data-end=\"828\">Among the biggest gainers, APL Apollo Tubes led the rally, rising nearly 3% to \u20b91,414 per share. This marks a strong recovery from its 52-week low of \u20b91,273 per share on February 17. However, the stock remains significantly below its 52-week high of \u20b91,729 per share.<\/p>\n<p data-start=\"830\" data-end=\"861\">Other major gainers included:<\/p>\n<ul data-start=\"862\" data-end=\"973\">\n<li data-start=\"862\" data-end=\"884\">Hindustan Zinc<\/li>\n<li data-start=\"885\" data-end=\"897\">NMDC<\/li>\n<li data-start=\"898\" data-end=\"928\">Jindal Stainless Steel<\/li>\n<li data-start=\"929\" data-end=\"973\">Adani Enterprises (gained nearly 2%)<\/li>\n<\/ul>\n<p data-start=\"975\" data-end=\"1057\">Jindal Steel also saw over a 1% increase, trading at \u20b9900 per share.<\/p>\n<p data-start=\"1059\" data-end=\"1247\">Additionally, shares of Steel Authority of India (SAIL), Vedanta Limited, Tata Steel, JSW Steel, Hindalco, and Ratnamani Metals &amp; Tubes were trading in the green with marginal gains.<\/p>\n<h3 data-start=\"1249\" data-end=\"1314\">Adani Enterprises and Tata Steel Drive Market Sentiment<\/h3>\n<p data-start=\"1316\" data-end=\"1497\">The rise in Adani Enterprises and Tata Steel contributed significantly to the Nifty Metal Index&#8217;s upward movement, signaling renewed investor confidence in the sector.<\/p>\n<h2 data-start=\"1504\" data-end=\"1547\">Drivers Behind the Metal Rally<\/h2>\n<h3 data-start=\"1549\" data-end=\"1601\">1. Weakening US Dollar Boosts Metal Stocks<\/h3>\n<p data-start=\"1603\" data-end=\"1685\">One of the primary reasons for the rally was the weakening of the US dollar.<\/p>\n<ul data-start=\"1687\" data-end=\"1857\">\n<li data-start=\"1687\" data-end=\"1775\">The USD Index hovered near a five-month low against major global currencies.<\/li>\n<li data-start=\"1776\" data-end=\"1857\">The Indian Rupee strengthened to a three-week high of \u20b986.91 per USD.<\/li>\n<\/ul>\n<p data-start=\"1859\" data-end=\"1981\">A weaker dollar typically benefits Indian metal exporters, making their products more competitive in global markets.<\/p>\n<h3 data-start=\"1983\" data-end=\"2045\">2. President Trump\u2019s Tariff Threats and Their Impact<\/h3>\n<p data-start=\"2047\" data-end=\"2188\">Investor sentiment was also influenced by the looming threat of reciprocal tariffs from the US under former President Donald Trump.<\/p>\n<ul data-start=\"2190\" data-end=\"2415\">\n<li data-start=\"2190\" data-end=\"2274\">Last week, Trump imposed a 25% tariff on all steel and aluminum imports.<\/li>\n<li data-start=\"2275\" data-end=\"2415\">He initially threatened to double tariffs on Canadian imports but later backed down after Canada withdrew some retaliatory measures.<\/li>\n<\/ul>\n<p data-start=\"2417\" data-end=\"2603\">These trade policies are expected to benefit Indian metal producers, as US protectionist policies may reduce competition from global steel manufacturers, especially from China.<\/p>\n<h3 data-start=\"2605\" data-end=\"2675\">3. Potential Safeguard Duties on Cheap Chinese Steel Imports<\/h3>\n<p data-start=\"2677\" data-end=\"2792\">India\u2019s domestic steel industry is anticipating government action against cheap steel imports from China.<\/p>\n<ul data-start=\"2794\" data-end=\"3121\">\n<li data-start=\"2794\" data-end=\"2922\">Tata Steel CEO T.V. Narendran recently mentioned that safeguard duties on steel imports could be announced soon.<\/li>\n<li data-start=\"2923\" data-end=\"3121\">If implemented, these duties could protect domestic steelmakers from an influx of lower-priced imports, driving up demand for Indian steel producers like Tata Steel, JSW Steel, and SAIL.<\/li>\n<\/ul>\n<h3 data-start=\"3123\" data-end=\"3187\">4. Limited Impact of US Tariffs on Indian Steel Giants<\/h3>\n<p data-start=\"3189\" data-end=\"3339\">According to a report by Moody\u2019s, the recently imposed US steel tariffs will have minimal direct impact on major Indian steel companies.<\/p>\n<ul data-start=\"3341\" data-end=\"3587\">\n<li data-start=\"3341\" data-end=\"3460\">Companies such as Tata Steel, JSW Steel, and PTT Global Chemical generate most of their earnings from Asia.<\/li>\n<li data-start=\"3461\" data-end=\"3587\">These firms have little to no exports to the US, making them less vulnerable to the direct effects of the tariffs.<\/li>\n<\/ul>\n<h3 data-start=\"3589\" data-end=\"3636\">5. China\u2019s Expected Stimulus Measures<\/h3>\n<p data-start=\"3638\" data-end=\"3769\">Market participants are also optimistic about China\u2019s potential economic stimulus, which could boost global metal demand.<\/p>\n<ul data-start=\"3771\" data-end=\"4055\">\n<li data-start=\"3771\" data-end=\"3921\">As trade tensions with the US escalate, China is expected to introduce new economic stimulus measures to support domestic consumption.<\/li>\n<li data-start=\"3922\" data-end=\"4055\">This could lead to higher demand for metals, benefiting Indian companies that supply raw materials to Chinese industries.<\/li>\n<\/ul>\n<h2 data-start=\"4062\" data-end=\"4111\">Indian Metal Sector?<\/h2>\n<p data-start=\"4113\" data-end=\"4408\">With the combination of:<br data-start=\"4137\" data-end=\"4140\" \/>\u2714 A weaker dollar improving Indian exporters&#8217; competitiveness<br data-start=\"4205\" data-end=\"4208\" \/>\u2714 Trump\u2019s tariff policies potentially reducing global steel supply<br data-start=\"4278\" data-end=\"4281\" \/>\u2714 Safeguard duties expected to protect domestic producers<br data-start=\"4342\" data-end=\"4345\" \/>\u2714 China\u2019s economic stimulus likely boosting global demand<\/p>\n<p data-start=\"4410\" data-end=\"4640\" data-is-last-node=\"\" data-is-only-node=\"\">The Indian metal industry could witness further upward momentum in the coming weeks. However, investors will closely watch government policies and global trade developments to assess long-term growth prospects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What\u2019s Driving the Surge Amid Trump\u2019s Tariff Threat? Indian Metal Stocks Shine as Dollar Weakens, Trade Tensions Escalate Metal stocks in India surged on March 17, reversing a two-day losing streak, as a weakening US dollar and expectations of safeguard duties on steel imports fueled investor sentiment. The Nifty Metal Index gained nearly 1%, with [&hellip;]<\/p>\n","protected":false},"author":4,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-5394","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-political-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/5394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=5394"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/5394\/revisions"}],"predecessor-version":[{"id":5396,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/5394\/revisions\/5396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/5395"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=5394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=5394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=5394"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=5394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}