This morning in metals news, two prominent Chinese economists have been publicly critical of China’s economic model, the U.S. Department of Commerce has launched an audit of tariff waivers received by companies, China’s steel demand appears to be a boon for the Indian iron ore sector and U.S. Steel shares dipped after hours Thursday following […]
Tag: India
India’s Gold Buying Season Not Looking as Shiny
Festival season in India normally means one thing: a rush to buy gold. Outside of China, India sees the most amount of gold buying when Indians are, well, happy or enjoying a moment — be it a party, a wedding or a festival. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
India Grapples with Repercussions of U.S. Metals Tariffs
The ripples continue to spread across the pond of international trade from President Trump’s steel and aluminum tariffs. In a recent post from India reported in Aluminium Insider, an analysis of the scrap, primary and downstream semi-finished metals trades into and out of India reveal how economies on the other side of the globe are grappling […]
India’s Coal Shortage Drags On
This story of India’s coal shortage refuses to die down. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For some years now, many parts of the country have been facing power cuts. Why? Because of a shortage of coal, which becomes even more acute in the monsoon season (which is […]
Latest Tragedy at Indian Steel Plant Again Raises Red Flags Regarding Safety Standards
Loss-making balance sheets and cost-cutting in — or lax — oversight of health and safety can go hand in hand; they are often examples of poor management. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The aforementioned also sometimes go hand in hand with state ownership – in both the […]
This Morning in Metals: Gillette Wins Exemption from Section 232 Steel Tariff
This morning in metals news, Gillette gets a break from the U.S.’s Section 232 steel tariff, Century Aluminum strikes a deal to keep its Charleston smelter going through at least 2020 and Indian steel mills are increasingly looking outside the country for iron ore. Need buying strategies for steel? Request your two-month free trial of […]
Demands Coming From All Quarters to Restart Mining of Iron Ore in Goa
The Indian province of Goa, known world over for tourism, was once also a well-known destination on India’s mining map. But legal, environmental and political issues ensured the stoppage of mining operations there in 2012. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Though operations did resume to a degree […]
India Takes Cautious Approach in a Time of Tariffs
By now, much has been written on U.S. trade tariffs, the latest being the 10% tariff on Chinese imports amounting to a value of $200 billion. While almost all the countries against whom the U.S. has imposed tariffs have chosen to retaliate and go in for a tit-for-tat policy, India, curiously, has decided to be […]
This Morning in Metals: India Mulls Increasing Duty on Steel Imports
This morning in metals news, India is considering upping its steel import duty, China’s spending on subways could assist its steel sector and an update in the Rusal sanctions saga. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Supporting the Rupee In order to give support to its currency, the […]
Moody’s Paints Bullish Picture of Indian Steel Sector
Moody’s Investors Service has said India will be the brightest spot for the steel sector over the next 12-18 months, according to a report by the Hindu Business Line. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Moody’s pointed out that India’s steel consumption was rising at least 5.5%-6% every […]
