World steel production continues to rise; up 5.6 percent year on year in September
World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 141.4 million tonnes (Mt) in September 2017, a 5.6% …
China biggest steel scrap user in first half of 2017
China was the world’s biggest steel scrap user in the first half of 2017, with a steep increase in its scrap consumption of around 46% to 62.2 million …
Rs 388-crore outflow through gold ETFs in India during Apr-Sep FY’18
Exchange-traded funds (ETFs) in gold in India continued to lose their shine as investors pulled out Rs 388 crore from these instruments in the six months …
India’s RBI instructs banks to immediately pay interest under gold monetisation scheme
India’s central bank has asked commercial banks to immediately pay interest due on the gold deposited by individuals and institutions under the Gold …
China may ban import of scrap copper from next year in its efforts to cut industrial pollution
China might ban traders from importing scrap copper from next year, as it crackdown on import of foreign waste and cuts pollution from heavy industries. Metal …
India’s Multi Commodity Exchange launches country’s first commodity options in gold
India’s Finance Minister Arun Jaitley launched the country’s first commodity options in gold on the Multi-Commodity Exchange of India Ltd. (MCX). Launched …
Data – India a net steel exporter during the first six months of 2017-18 fiscal
India was a net exporter of finished steel in September, with shipments at 1.119 million tonnes against imports of 810,000 tonnes, latest data from the latest …
Palladium again overtakes platinum; tops $1,000 per ounce for the first time since 2001
Palladium has crossed the $1000 per ounce barrier for the first time since 2001, driven by a lower supply of the material and increasing demand from car …
Indian markets regulator sets norms for physical settlement in commodity derivative
The Securities and Exchange Board of India (SEBI) has asked exchanges to prefer physical settlement system for commodity derivatives contracts, a move that is …
India removes integrated goods and service tax on gold imports, but refiners will still have to pay
India has allowed 36 banks and five agencies, including MMTC and MSTC, to import gold without paying a 3 per cent integrated goods and services tax (IGST), …