On the topic of US tariff hikes, Anshul Saigal agrees there may be some short-term nervousness, but he sees little fundamental impact on Indian metal exports. Instead, Saigal is optimistic about the sector’s long-term prospects. He points to a cyclical low, undemanding valuations, and a global environment favouring increased demand—driven by infrastructure spending in the US and potential stimulus in China. He believes that Indian anti-dumping measures further support domestic producers. According to Saigal, steel and copper, especially due to the EV theme, are metals to watch.
