India is almost on the cusp of this year’s festival and wedding season, but the domestic bullion market remains subdued, contrary to historical norms. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The reason? Gold prices in India have rallied 20% this year based on several internal and external factors, […]
Tag: India
This Morning in Metals: U.S. Raw Steel Production Rises 4.4%
This morning in metals news, U.S. raw steel production for the year through Aug. 24 is up 4.4%, Beijing’s Chalco reported profits declined in the first half of the year and India’s steel demand is slowing. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Raw Steel Production Jumps 4.4% The […]
India Could be Net Steel Importer for Second Straight Year
All indicators seem to show that India may end up being a net importer of steel for the second consecutive year in fiscal year 2020, according to sector experts and ratings agencies. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The reasons underpinning this development are many. In a desperate […]
India’s NALCO Plans to Expand Domestic Aluminum Sector
India’s National Aluminium Company (NALCO) has had expansion plans on the anvil for some time now. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Towards this goal, it has started taking the first steps. Part of this effort is the indigenization of technology and equipment specific to the aluminum sector. It is a […]
Is the Global Automotive Manufacturing Downturn Cyclical or the New Normal?
Automotive markets just about everywhere are in decline this year. The question is: to what extent is this a cyclical downturn as opposed to a structural shift? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Financial Times article reported Indian passenger vehicle sales fell 31% last month from the […]
Indian Steel Companies Worry About Demand as Auto Sales Fall
Since April this year, the Indian automobile sector has been seeing signs of a slowdown in sales. This has led to job cuts and expressions of concern from some major domestic steel producers. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The slump in the sales of four- and two-wheelers […]
India’s Ambitious Water Pipe Plans Could be a Boon to its Domestic Steel Sector
Piped water to all – a new Government of India (GoI) multimillion-dollar scheme announced recently — comes as a pleasant surprise to India’s steel industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Called the “Nal se Jal” scheme (meaning “water connection to all”), this flagship project aims to provide […]
This Morning in Metals: USTR Criticizes WTO Appellate Court Ruling on China
This morning in metals news, the United States Trade Representative USTR once again dished up criticism of the World Trade Organization’s (WTO) Appellate Court, China aims to mitigate the impact of rising iron ore prices on its steelmakers and India’s steel exports have plunged over the last year. Need buying strategies for steel? Request your […]
Latest Round of U.S.-India Trade Talks Leaves Questions Unanswered
Much hope was pinned on the latest round of trade talks between the United States and India. In the end, however, the talks that concluded late last week were inconclusive. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Indian government said the countries agreed to continue their discussions for […]
Indian Steel Industry Opinions Mixed on New Budget
Reactions from Indian steel industry leaders to some of the provisions of the annual budget that was just passed have been a mixed bag. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Overall, industry players were in agreement that the annual budget exercise would push big-ticket infrastructure projects. Stress on […]