I found this in bloomberg website which tracks steel companies in europe.
Brief description of this index :
The Bloomberg Europe Steel Index is a capitalization-weighted index of all companies involved in the steel sector of the Bloomberg Europe 500 Index. The index was developed with a base value of 100 as of December 31, 1996. The parent index is BE500.
Now what we can do is if this can give any clue to metal companies which are trading in india , hope i will track this index with the steel sector in india and will publish in another post