Page 3 - Metals

Metal shares surge: Nifty Metal Index up 5%

Tata Steel, Hindalco, Vedanta, Hindustan Zinc, NMDC, SAIL and Moil were up more than 5% each on the NSE.

Nifty Metal index hits 52-week high

Tata Steel, National Aluminium Company and NMDC have hit their respective 52-week highs on NSE in intra-day trade.

Kirloskar Ferrous to increase pig iron capacity by 31,000 MTPA

The company will carry out upgradation work, with an investment of about Rs 36 crores, at its Koppal plant in Karnataka to raise the pig iron capacity

JSW Steel, Hindalco turn focus to logistics to bulwark operating margins

With realisations continuing to be muted, domestic metal firms are increasingly paying attention to lowering expenses

Supply worries keep industrial metals under pressure

Chinese smelters restore earlier production cuts; demand continues to remain subdued

Weak 2016 awaits precious and base metals

Downside risks to the forecast include, stronger than expected monetary tightening and dollar strength