The World Steel Association (WSA) has revised the October 2018 forecasts of country-wise steel consumption and these figures are being formally announced in April 2019 meeting. The global demand for finished steel at 1,711.6 million tonnes (MT) in 2018 is slated to reach 1,734 MT (+1.3%) and 1,750 MT in 2020. The volume growth in […]
In a 2011 report, the International Energy Agency (IEA) asked a provocative question: are we entering a golden age of gas? At the time, U.S. shale gas production was surging and new fields were coming online around the globe, encouraged by high oil prices. Gas, it seemed, was poised to “play a far more prominent role […]
With a good harvest expected this season, the country’s mango exports is expected to cross 50,000 tonnes. Last season, India exported some 40,000 tonnes. Mango exports to US have taken off in a big way with more than 1,000 tonnes expected to be exported this year, senior officials of the Maharashtra State Agriculture Marketing Board […]
The U.S. and China have started to sketch out the framework of a comprehensive trade deal, including on some of the thorniest issues that have long prevented an agreement, according to a news report from Reuters. In the first few weeks of this year, there seemed to be little progress, raising the specter of a huge […]
India’s tea production nudged 0.8 percent lower in 2018 from a year ago to 1311.63 million kg, trimming exports from the world’s biggest black tea producer by 1.1 percent, the state-run Tea Board said. India’s exports eased to 249.11 million kg from 251.89 million kg a year ago, the board said in a statement. India, […]
Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain’s exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar, says a Reuters report. Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a […]
Maharashtra the leading onion exporter has witnessed a drop of 7 per cent in export during April-August of the current financial year, while the national export has increased by 5 per cent during the same period. Despite good quality summer onion production in Maharashtra, factors like change of ports for shipment from Mumbai to other […]
A further tightening of global platinum supply is expected, prompted by a reduction in the level of recycling in the jewellery sector, the World Platinum Investment Council (WPIC) said. It said global platinum supply is forecast to slip by 2% year-on-year to 7,910 koz with most mining regions expected to post lower refined production in […]
Europe’s refining industry is confident that the global thirst for liquid fuels would continue to rise despite fears that the demand might be peaking, as electric vehicles (EV) being to eat into the transport sector, Platts reported. Refiners expect the demand would come from sectors such as aviation, heavy truck and shipping, and a rising […]
Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s (IEA) annual coal market report. Global coal consumption fell 1.9% to 5,357 million tonnes of coal equivalent (Mtce) last year, the second year of decline, because of lower gas […]