The gold price plunged in early morning trade on Thursday, in one of the worst trading sessions in dollar terms in gold market history.
News ID: 6347 Publish Date : 2019/09/06
Investors are going for gold in a big way. Inflows into bullion-backed exchange-traded funds topped 100 tons in August to hit the highest since February 2013 as the trade war worsened, risk assets took a knock, and central banks signaled looser monetary policy.
News ID: 6291 Publish Date : 2019/09/03
PELLEX decreased to INR 6,050/WMT (DAP Raipur) on reduced domestic offers. No significant transaction was reported during this publication window.
News ID: 6283 Publish Date : 2019/09/03
Latest reports show that Iran’s economy has found its way under pressures with increase in stock exchange market, 16 months after US President Donald Trump unilaterally withdrew from nuclear deal and imposed Washington’s unilateral sanctions against Tehran.
News ID: 6275 Publish Date : 2019/08/29
High-ranking Iranian and Syrian officials conferred on avenues to further develop trade and economic relations and cooperation between the two countries.
News ID: 6274 Publish Date : 2019/08/29
PELLEX remain stable at INR 6,100/wmt (DAP Raipur) due to limited trades reported. Raipur based pellet makers concluded 2500-3000MT pellet at INR 6,200/MT (Ex-plant) normalizing for freight to Raipur at INR 6,350 (DAP Raipur).
News ID: 6205 Publish Date : 2019/08/28
This was the consecutive week of the month in which the country witnessed no trades. The billet export offers from the country also got soften to USD 380-385/MT, FoB, down USD 5/MT against last week. The prime reason for the trade silence in the country is dipping raw material prices.
News ID: 6199 Publish Date : 2019/08/27
Indian HRC prices continue to remain on lower side over monotonous demand and mute buying prevailing in domestic market. This week domestic HRC prices registered decline in few markets like Ahmedabad and Bangalore by around INR 750-1000/MT. As per market reports, few major Indian steel mills are taking up production cuts owing to slowdown in domestic sales & inventory pile up.
News ID: 6178 Publish Date : 2019/08/26
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have softened further after the market inquiries resumed recently post-Eid holidays, as global markets have been on a downtrend since a couple of weeks, along with low demand in the domestic market. Trade s are expected to pick up in the coming week as the market has observed slow returning.
News ID: 6154 Publish Date : 2019/08/25
PELLEX down by INR 150 to INR 6,100/wmt (DAP Raipur) against the last index at INR 6,250/wmt published on 16th Aug due to recent transactions. Deal for around 25,000 MT pellets was reported at INR 6,000-6,100/MT (DAP Raipur).
News ID: 6153 Publish Date : 2019/08/25
The owner of the only US rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals amid an escalating trade war.
News ID: 6141 Publish Date : 2019/08/24
South Korea is focusing on petrochemical investments to support its export-reliant economy, which has been hit by a trade war with Japan.
News ID: 6119 Publish Date : 2019/08/22
U.S. Court of International Trade has affirmed virtually all of the U.S. Department of Commerce’s final antidumping determination on certain aluminium foil imported from China. The Aluminum Association has welcomed the court’s decision in a statement. Aluminum Association Vice President for Policy and International Trade Lauren Wilk said:
News ID: 6095 Publish Date : 2019/08/22
Senior Iranian and Iraqi Kurdistan region officials in a meeting in Sulaimaniyeh conferred on ways to further develop trade and economic relations and cooperation between the two sides.
News ID: 6092 Publish Date : 2019/08/22
The Japan-South Korea trade dispute has halted spot sales of Japanese ferrous scrap to South Korea over risks from new radiation checks. Japanese sellers are weighing alternate markets for around 2mn t of scrap in the second half of 2019.
News ID: 6082 Publish Date : 2019/08/22
Tokyo Steel Manufacturing Co. Ltd- Japan’s leading electric-arc furnace announced finished steel prices for September deliveries today. The company has rolled-over prices again for Sep deliveries amid higher inventory level, and lower domestic demand. Meanwhile weaker overseas demand also kept Tokyo steel prices stable for Sep deliveries.
News ID: 6069 Publish Date : 2019/08/20
Higher inventory levels along with tepid demand over inactive trades lead to continual decline in HRC prices in domestic market.
News ID: 6032 Publish Date : 2019/08/18
Bangladesh’s commercial attaché in Iran said his country’s private sector is seeking to boost cooperation with the Iranian counterpart, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
News ID: 6012 Publish Date : 2019/08/17
Indian Steel prices were down trend during the Week -32 (3-10 Aug'19) over limited spot trades. However by the end of week, the prices have gain momentum on slight improved demand in Northern India.
News ID: 5992 Publish Date : 2019/08/17
One of the few remaining bulwarks propping up the US coal industry is languishing.
News ID: 5984 Publish Date : 2019/08/16