Metal Pains are Auto Gains

The global commodity slowdown, especially in China, the world's largest metal consumer, has seen aluminium prices falling 12 per cent and steel prices declining by 22 per cent (YoY). That's bad for miners and steel companies, which find themselves face to face with the double whammy of lower offtake and weaker realisations. The situation is so bad that multiple commodities, including aluminium, iron ore, copper and zinc, now trade close to their lowest levels seen in late 2001. With the Chinese economy taking a breather, things are likely to get tougher for metal companies. That's because Chi