InvestorQ : What is the reason for the sharp spike in the BSE Metals Index in the last few weeks?
Ria Jain made post

What is the reason for the sharp spike in the BSE Metals Index in the last few weeks?

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Manoj v tilwani answered.
8 months ago
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I think globlewarming is now main factor. Because many countries start to not allow mining.so metal is now going to become gold.
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Dia Deshpande answered.
8 months ago
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The BSE Metal index was up by 4.4% on Thursday and this was driven by a sharp rally in steel prices. This trend has been visible for some time now with HRC prices up 20% in Asia and 40% in Europe. The sharp rally in steel prices resulted in analysts upgrading their estimates of EBITDA for FY23.

Metal index has also gained from an expected surge in domestic demand as India readies for post-COVID industrial recovery. Despite this frenetic rally, the BSE Metal index is still below the peak levels of 20,000 that it touched in Dec-2007.

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