The demand for sponge iron rose when due to the increasing trend of scrap prices and when there was scarcity of quality scrap for steel production. The first DRI (Direct Reduced Iron) plant was
Copper prices chop to a two week lows on Wednesday owing by a slender rebound in the dollar against the euro along with investors worries about lack of physical demand ahead of China's Lunar
There is gradual fluctuation in iron ore production now and the production is about 38 million tons. It is estimated that this level would be increased to ten folds greater in the upcoming
Recent metal price index report reveals that production of copper rises up to 8.6 pct to 520,000 tones but the copper production is at the rate of 7.4% with 4.94 million tons in the beginning of
Heavy metals scrap export in Antigua has been barred by the government for around 2 months from 12th November, 2012. Copper trade has also been banned. Hence the traders should wait for at
As per the survey made on 5th November 2012, the prices of copper scrap grades 122 and 110 cut short by 1.7%. Among the entire prices of Metal Miner in US, this price is noted as the largest
Chief person of a source who endows spot prices of steel, and steel making materials including iron ore expressed that “Prevailing to the increasing demand of iron ore, many Chinese industries
Most of the base metals rose at the non-ferrous metal market yesterday bolstered by news that Barack Obama has won a second term as president of the US. Bullish London Metal Exchange
Brazil's largest steelmakers and scrap metal producers are at odds over a potential scrap export tax, a dispute that underscores the high level of protection that local industrial conglomerates enjoy.
Chinese domestic steel prices both long and flat glides again this week. Iron ore too experienced outbreak slashing couple of dollars. But China’s copper output in Sept was sturdy due to tight scrap supplies.
U.S Base metal prices fall to one-month low last week as sustainability in demand still remains doubtful. Click here for details
Buoyed by a firming trend in global markets, Mumbai copper futures rose up by 1.09% to Rs 439.15/kg for November contract today as speculator enlarged positions.
Market participants forecast that the U.S. Scrap prices are to drop downward trend in the domestic market. Click here to get the updated prices.
Copper gain may cap due to growth outlook. 3 month copper on the LME rose 0.6% to $8,225/ ton. However, gains are likely to be quieted as investor’s distress about the growth outlook for big metals consumer China & grinding debt crisis in the euro zone
40% of China’s Iron mines force to shut down after consecutive fall in the third quarter of the year as well. Chinese industry experts compare the steel industry a gauge of the economic health of the nation.
Vadodara Municipal Corporation (VMC) has proposed a plan in which it would amass plastic waste found on the city roads. 500 metric ton of waste is generated everyday out of which 25-30 metric ton of it is plastic waste.
Taiwan’s scrap import prices are expected to go up to $365 C&F, whereas the actual transaction prices are at $358~US$360/ton C&F as the bidding prices of South Korean and Southeast Asian buyers were high when compared to Taiwan buyers.
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