Vedanta to Tata Steel: Metal stocks tumble as tariffs cloud growth outlook

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Vedanta to Tata Steel: Metal stocks tumble as tariffs cloud growth outlook - Business Standard

Quick Summary:

This comes a day after US President Donald Trump unleashed tariffs on all trading countries, even as analysts expect the risk of recession and inflation to rise in the US.Time to buy?

India was hit with a 27 per cent import tariff with few sectors like pharmaceuticals and energy sectors being exempted.

However, Geojit Financial Services maintained a neutral rating on the metal sector, citing that the rise in steel prices, driven by demand resurgence, increased raw material costs, and policy shifts, is a positive development.