Evergrande a clear & present danger for metals, chemicals

The selling of metal, steel, iron ore and chemical stocks that started in the middle of last week intensified on Monday. Tata Steel, Jindal Steel, SAIL, NMDC, and JSW Steel have dropped 10-15% in the last five trading sessions. Among chemical stocks, Tata Chemicals, DCW, Laxmi Organics declined 5% on Monday.

via Economictimes

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