World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 137.1 million tonnes (Mt) in April 2020, a 13.0% decrease compared to April 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production […]
A forecast for rain promised much-needed relief to dry soils in the U.S. plains, improving wheat crop prospects this season. After Beijing announced new national security legislation for Hong Kong after last year’s pro-democracy unrest, soybean markets sagged on concerns about export demand. U.S. President Donald Trump warned that Washington would react “very strongly” against […]
In a major move, the US Senate has overwhelmingly approved legislation that could lead over 800 Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. to be barred from listing on American stock exchanges amid increasingly tense relations between the world’s two largest economies. The bill called the Holding Foreign Companies Accountable Act, […]
The Centre and key mineral producing states are likely to incur a revenue loss of up to Rs 12,000 crore in FY21 due to lower coal and mineral consumption during the coronavirus lockdown, a KPMG report said. “As per our estimates, the top five mineral producing states are likely to see an impact of around […]
The Reserve Bank of India (RBI) announced a second cut of the year in its key policy rate to help ease the pain of a country battered by weeks of nationwide lockdown due to the coronavirus pandemic, and said the economy would shrink this year. RBI Governor Shaktikanta Das said in a video conference on […]
Traders and analysts are highly bullish on gold crossing the barrier of Rs.50,000 per 10 grams in the first quarter (April-June) of fiscal 2020-21. Silver too is expected to cross Rs 54,000 per kg, primarily due to scarcity of the white metal. The yellow metal’s prices shot up after US Federal Reserve chief warned that […]
Brazil’s deadly coronavirus outbreak has disrupted global supplies of iron ore just as demand from China is revving up, pushing the price of the steel ingredient to a seven-month high. Iron ore is one of the most heavily traded commodities and can influence the price of materials used in everything from buildings to cars. Front-month […]
Gold prices hitting the roof with each bad news during this pandemic crisis is evident. The well-accepted theory that the yellow metal shines when real interest rates are very low or even negative is coming true for gold. So far this year, the gold price has gone up by over 12% on the back of a surge in […]
A recovery in worldwide steel production depends, primarily, on an upturn in market demand. The authorities in many countries are starting to gradually ease their lockdown restrictions. The potential exists for steel-intensive industries to rebound faster, at least initially, compared with a number of tertiary sectors, such as hospitality and retail. Automation in modern manufacturing […]
Gold prices in India hit a fresh record high for the second day in a row on Monday, tracking global rates in the international market. As US-China trade tensions escalated and the impact of coronavirus pandemic on the economy continued to worry investors, gold prices surged. Gold prices in India have risen 24.45 per cent […]
