Per capita steel consumption in India a third of global figure: Study
In contrast, China's consumption of the alloy was more than twice the world average and over eight times the Indian figure
View ArticleCommodity outlook by Tradebulls Securities: Buy Copper, Natural Gas
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
View ArticleIndian copper industry may end up shedding 10,000 jobs by 2022
The domestic copper industry, comprising the primary and downstream segments, is estimated to be around Rs 60,000 crore per annum
View ArticleAluminium players mope over import spate, preferential treatment to steel
The aluminium sector stranded without government benefits, has seen imports soaring by 40 per cent in the last three years
View Article2.5% import duty waiver on iron ore lumps a cost relief for steel mills
The move is likely to facilitate greater ore availability to steel mills post March 31, 2020 when licences of many merchant mines expire
View ArticleAluminium makers expect prices to pick up even as supplies stabilise
According to World Bank commodities report, aluminium prices on the LME will average at $1,940 per tonne in calendar 2019
View ArticleVedanta to export over 50% of aluminium as India increases imports
The company is also focused on strong growth of the domestic market
View ArticleMulti Commodity Exchange wants partial hedging for metals on local bourses
Currently, these large companies (such as Hindalco) hedge all their risks in metal prices on bourses abroad
View ArticleNickel prices jump in volatile Asian trade amid fears of Indonesia ore ban
The metal used to make stainless steel hit a 16-month high last Thursday before shedding 2.1% on Friday
View ArticleFlagging consumption and import surge hurt India's aluminium producers
Sales of aluminium companies fell by 10.8 per cent in the period as imports lead market.
View ArticleMinistry of Mines stays cancellation of NMDC lease for Donimalai mine
NMDC and the state administration got into a legal battle over Donimalai after the state government decided to levy a premium on the iron ore extracted from the mine
View ArticleCommodity outlook by Tradebulls Securities: Buy crude, Sell lead
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
View ArticleAluminium makers working with Niti Aayog, BIS to check scrap misuse
Imports of aluminium scrap into India are growing unabated, helped by a benign duty of 2.5 per cent and fuelled by US-China trade tensions
View ArticleRecycled aluminium demand surges 800 bps over 3 fiscals: CRISIL Research
Primary aluminium makers focus on exports and value-added products
View ArticleCommodity outlook and top two trading ideas by Tradebulls Securities
The yield curve between US two-year and 10-year has widened, signaling that recession may come in 12 to 18 months.
View ArticleFitch Solutions lowers 2019 global steel price forecast to $600 a tonne
In the long term, Fitch Solutions maintains its view that prices will ease and embark on a multi-year declining track
View ArticleOdisha falls behind in pace of mineral block auctions, Karnataka leads
Out of the 68 mineral blocks auctioned across India till August 6, only five were up for bidding in Odisha: three iron ore and rest limestone and manganese.
View ArticleIron ore's glory days seen to be numbered as China's demand rolls over
Iron ore's fortunes -- and those of the top miners in Australia and Brazil -- largely turn on the strength and trajectory of demand in China, which buys about 70% of seaborne cargoes
View ArticleCommodity outlook by Tradebulls Securities: Buy Zinc, sell Natural Gas
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
View ArticleAluminium producers likely to see pressure on profits, says NALCO chief
Demand for aluminum to remain strong, driven by automobiles, construction and power sectors, says Tapan Kumar Chand.
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