ArcelorMittal trims production on country-by-country basis, postpones AGM

The world’s largest steelmaker, ArcelorMittal, is reducing production and temporary idling steelmaking and finishing assets on a country-by-country basis in alignment with regional demand as well as government requirements, it said. The company has also decided to postpone its annual general meeting planned for May 5, with a new date to be communicated in due […]

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Gems and jewellery exports to witness a sharp decline in the first quarter of FY21: CARE

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The gems and jewellery exports are expected to witness a sharp decline in March as well as in the first quarter of the next fiscal due to disruptions caused by the Coronavirus outbreak. An industry that is largely trade-oriented and attracts over over 5,000 exhibitors and 1,00,000 buyers at various trade fairs has witnessed a […]

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Global commodities: COVID-19 blues continue

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The only positive news during the week was from the International Grains Council (IGC), which forecast record world grains production in the 2020/21 season while warning projections were tentative until the progress and duration of the coronavirus pandemic becomes clearer. The inter-governmental body, in its first full assessment of the 2020/21 season, projected world grains […]

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