Market Overview - Indian stock markets experienced a significant decline, with Sensex dropping nearly 1,436 points to 73,097 and Nifty 50 falling over 430 points to 22,681, resulting in a loss of nearly Rs 5 lakh crore in total market capitalization, bringing it down to Rs 424 lakh crore [1][22] - All 30 constituents of Sensex were in the red, with major losses from Tata Steel, State Bank of India (SBI), HDFC Bank, Bajaj Finance, Titan, and Mahindra & Mahindra (M&M), which fell 2-3% [1][22] - On the NSE, all sectoral indices were negative, with Nifty Metal and Nifty PSU Bank indices being the top losers, each declining more than 3% [2][22] Key Factors Influencing Market Decline - The ongoing war between Iran and the US-Israel escalated, with threats exchanged between leaders, raising concerns about further conflict in the Middle East [6][22] - Oil prices surged to $113 per barrel due to the conflict, with the effective closure of the Strait of Hormuz, a critical passage for over 20% of the world's oil supply [8][22] - The Indian rupee fell to a record low of 93.84 against the US dollar, exacerbated by rising oil prices and persistent foreign institutional investor (FII) selling [10][22] - Foreign investors have been selling Indian equities for 16 consecutive sessions, with net sales of Rs 5,518 crore reported on Friday [12][22] - Rising US bond yields, with the 10-year Treasury yield crossing 4.4%, have made government securities more attractive compared to equities, putting additional pressure on stock markets [13][22] Technical Analysis - Nifty 50 has found support at the 22,950-23,000 range, but has fallen below these levels, indicating potential bearishness [18][23] - The index formed a Doji candle on the weekly chart, signaling strong selling pressure and a bearish bias in both the short and medium term [19][23] - A move below last week's low could lead to further declines, with potential support areas identified at 22,700–22,400 [20][23]

Generic Drug Launch - At least seven major drugmakers have launched generic versions of semaglutide following the expiration of its patent, with a total of eight branded generic versions announced for obesity and diabetes indications [1] Tax Demand Notices - State Bank of India has received an income tax demand notice of Rs 6,337.5 crore, which it plans to challenge [2] - Tata Capital has received a reassessment order demanding Rs 413.18 crore for the financial year 2017-18, including interest of Rs 202.72 crore [7] Investment and Fund Infusion - Kotak Mahindra Capital Company will divest 30.99% of its shareholding in Infina Finance for approximately Rs 1,294 crore [3] - Ashok Leyland's board has approved an investment of up to GBP 30 million (about Rs 375 crore) in its UK subsidiary, Optare Plc [8] - Devyani International DMCC has approved an investment of THB 1,210 million (Rs 347.3 crore) to strengthen the balance sheet of Restaurants Development Co Ltd [9] Expansion and Innovation - Wipro Ltd has launched its Wipro AI-Data Centre solution to accelerate AI adoption and modernize data center environments [4] - Infosys and Formula E have launched an AI-powered Race Centre to enhance the race-day experience for fans [5] - BharatRohan Airborne Innovations Ltd is expanding its dealer network to grow its drone services and bio-products business [12] - Varroc Engineering has initiated the Eureka Challenge 3.0 to engage engineering minds in solving mobility challenges [11] Mergers and Demergers - Thomas Cook (India) Limited has approved a proposal to demerge its Resorts and Resort Management business into Sterling Holiday Resorts Ltd [13] - Veranda Learning Solutions is moving forward with its proposed commerce vertical demerger and separate listing of J.K. Shah Commerce Education Limited [14] Order Wins - RailTel Corporation of India Ltd has received a Letter of Acceptance for a manpower outsourcing order valued at Rs 24.53 crore [17] - Airfloa Rail Technology has secured an order worth Rs 22.91 crore for the Chennai Metro Rail Project [18] - DCX Systems Limited has received an order for Maritime Patrol Radar Systems valued at Rs 563.45 crore [19] - Simplex Castings Ltd has won an order from SMS Group valued at Rs 23.13 crore [21] - Ceigall Infra Projects has emerged as the L1 bidder for a construction order from the National Highways Authority of India worth Rs 603 crore [22]

-An hour north of the line dividing the U.S. and Canada, in a small town called Knowlton, the cross-border relationship feels fragile. -We love the American people, but we're also defensive about our economy and want to. want to support Canadian business, which we feel might be under attack right now.-Having family in the United States as well makes things a little precarious right now. -Since President Trump imposed new tariffs on imports from Canada, the relationship has soured. Canadian imports from the ...

Economic Impact - Canadian imports from the U.S. have decreased, causing Canada to fall from the largest buyer of U.S. goods to the second position, behind Mexico [2] - The Canadian economy is projected to lose around 2% of its GDP due to the new trade environment, with February's jobs report indicating the highest job losses in over four years, raising unemployment from 6.5% to 6.7% [4][5] - Real GDP in Canada contracted in 2 of the 4 quarters of 2025, with an annual growth rate of just 1.7%, the slowest since the COVID-19 pandemic [6] Sectoral Analysis - The sectors most affected by U.S. tariffs include autos, steel, aluminum, copper, and forestry, which are considered strategically important [5][6] - Canadian businesses are facing significant tariff costs, with one CEO reporting monthly tariffs of approximately $6 to $7 million, translating to nearly $250 to $275 per ton for shipping products to the U.S. [14] Trade Relations - There is a growing sentiment among Canadians that the U.S. is no longer a reliable ally, with over half of respondents in a political poll expressing this view [7] - The upcoming review of the USMCA (CUSMA) in July raises questions about future trade agreements, with discussions about potential agreements between Canada and Mexico bypassing the U.S. [23][25] - A robust trading relationship between Canada and the U.S. is deemed essential, as both countries have much to offer each other [26]

Core Viewpoint - Ternium S.A. has announced its annual general meeting of shareholders scheduled for May 12, 2026, where shareholders can exercise their voting rights regarding the company's shares [1]. Group 1: Meeting Details - The annual general meeting will take place at Ternium S.A.'s registered office in Luxembourg at 9:00 a.m. CET [1]. - Shareholders holding American Depositary Shares (ADSs) as of March 30, 2026, are entitled to instruct The Bank of New York Mellon Corporation on the exercise of their voting rights [1]. Group 2: Document Availability - Important documents related to the meeting, including the Notice and Agenda, Shareholder Meeting Brochure, Proxy Statement, and the 2025 Annual Report, are available on Ternium's website [2]. - These documents can also be obtained free of charge at Ternium S.A.'s registered office in Luxembourg from March 20, 2026, during specified hours [3]. - Shareholders registered in the share register can request electronic copies of these documents via email at no cost [3]. Group 3: Company Overview - Ternium is recognized as a leading steel producer in the Americas, supplying advanced steel products to various manufacturing industries and the construction sector [4]. - The company is committed to investing in low carbon emissions steelmaking technologies to facilitate the energy transition and future mobility [4]. - Ternium also focuses on community development, particularly through educational programs in Latin America [4].

Core Viewpoint - POSCO Holdings Inc. is making a significant investment in battery materials by establishing its first overseas artificial graphite anode material plant in Vietnam, responding to global trade regulations and aiming to diversify supply chains [1][4]. Group 1: Investment and Expansion - The board of directors of POSCO Future M approved a KRW 357 billion investment for the new plant in Thai Nguyen, Vietnam [1]. - Construction is set to begin in the second half of this year, with mass production targeted to start in 2028 [3]. - The plant will have an initial production capacity of 55,000 metric tons annually, with plans for phased expansion based on demand [3]. Group 2: Strategic Rationale - The investment is a direct response to increasing global trade regulations, including the US Inflation Reduction Act and Europe's Critical Raw Materials Act, which encourage reducing reliance on Chinese suppliers [4]. - Vietnam was chosen for its lower labor and logistics costs, as well as its export-friendly trade policies and access to the US market, providing a competitive advantage over Chinese competitors [5]. Group 3: Company Overview - POSCO Holdings Inc. is a South Korean company involved in steelmaking and industrial sectors, producing various steel products for automotive, construction, shipbuilding, and machinery industries [6]. - The company also operates in energy, chemicals, and materials, including lithium and nickel for battery production [6].

Core Sector Growth - Core sector growth in India slowed to 2.3% year-on-year in February, down from 4.7% in January, marking a three-month low [8][9] - Overall core sector growth for FY26 (up to February) was 2.9%, lower than 4.4% in the same period last year [8][9] Industry Performance - Cement industry showed the strongest growth at 9.3% year-on-year in February, although it decreased from 11.3% in January [9] - Steel production increased by 7.2%, down from 11.5% in the previous month [9] - Electricity generation growth fell to a three-month low of 0.5%, down from 5.2% in January [7][9] - Fertilizers output dropped to a five-month low of 3.4%, while coal output eased to a three-month low of 2.3% [7][9] Energy Sector Trends - Among energy-related industries, refinery products output declined by 1% year-on-year in February, while crude oil and natural gas production contracted by 5.2% and 5%, respectively [6][9] - Economists anticipate that the ongoing conflict in West Asia will impact the core sector and industrial output in the coming months [6][9] - There is potential for a pickup in domestic petroleum production to safeguard supplies [6][9] Economic Outlook - India's industrial output slowed to a three-month low of 4.8% year-on-year in January, down from 8% in December [8][9] - ICRA projects IIP growth to moderate to around 4% in February, while Bank of Baroda estimates it at 3-3.5% [8][9]

Core Insights - Nucor Corporation (NUE) has provided earnings guidance for Q1 2026, projecting earnings per share between $2.70 and $2.80, significantly higher than Q4 2025 earnings of $1.64 and adjusted earnings of $1.73, driven by stronger steel demand and improved pricing conditions [1][7] Financial Performance - Earnings in the steel mills segment are expected to increase sequentially due to higher average selling prices and volumes, while the steel products segment is also anticipated to perform better with stronger volumes and stable prices [2] - The raw materials segment is projected to deliver modestly higher earnings [2] Shareholder Returns - Nucor repurchased approximately 0.7 million shares at an average price of $175.19 per share and has returned around $250 million to shareholders year to date through share repurchases and dividends, indicating a strong commitment to shareholder value [3][7] Market Performance - Nucor's shares have increased by 32.8% over the past year, compared to the industry's growth of 33.6% [3]

, who is also the deputy head of Germany's IG Metall trade union, said labour representatives had presented Jindal, which has been doing due diligence on Thyssenkrupp's steel unit, also known as TKSE, since October, with a detailed questionnaire.WORKERS LEFT IN LIMBO"We were promised answers, but these have subsequently been postponed several ​times. Apparently, the discussions between Thyssenkrupp AG and Jindal ⁠are taking ‌longer than expected," Kerner said in a statement."So things ​are not moving ​forw ...

South Africa approves new import taxes to protect its steel industry https://t.co/BKGcQ59Ukd ...