Moreover, today, eight metals shares fell by 0.76% to 2.79% on BSE on weak Chinese economic data. The S&P BSE Metal index had underperformed the market over the past one month till 3 November 2014, rising 4.20% compared with 4.86% rise in the Sensex. The index had also underperformed the market in past one quarter, falling 7.61% as against Sensex's 9.34% rise.
However, low price of Steel (or metal) is positive for the construction sector. China is the world's largest consumer of steel, copper and aluminum.