Jewellery exports in June 2019 decline by 16% YoY on slow demand from China and Gulf countries

ramiro-mendes-371663-unsplash.jpg

Gem and jewellery exports declined 16.26 per cent to $2,826 million during June 2019 from $3,375.17 million during the same month last year. Exports during the first quarter of FY20 declined by 10.38 per cent to $9.18 billion from $10.25 billion during the same period last year. Experts say that the trend seen in first quarter is […]

Read more

Indian aluminium producers’ seek import duty hike ahead of budget

aluminium-.jpg

Ahead of the budget, aluminium producers in India have sought steps from the government to hike import duty on primary aluminum, scrap and downstream products and rationalise costs of raw materials. Industry bodies such as the Aluminium Association of India (AAI) and FICCI have informed the government that the aluminium sector of the country is […]

Read more

Indian gold demand lags on price surge; other Asian countries bet on Lunar New Year

gold-jewllery.jpg

Gold demand in India turned weak last week as local prices jumped to their highest level in two and a half years. Traders in major buying centres in Asia have now pinned hopes on purchases ahead of the approaching Lunar New Year, Reuters reports. Local gold prices in India, world’s second-largest gold consumer, touched their […]

Read more

Data – Details of India’s anti-dumping duty on import of stainless steel products

India has imposed Anti- Dumping Duties on imports of specified stainless-steel products vide: Notification No 61/2015- Customs (ADD) dated 11.12.2015 on imports of Cold Rolled Flat Products of Stainless Steel originating in or exported from China, Korea RP, European Union, South Africa, Chinese Taipei, Thailand and USA @ ranging from 4.58% to 57.39% of landed […]

Read more