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Gold: Indian imports plummet 76% to 32-month lows
India's gold imports collapsed 76% year-on-year in January to a 32-month low, due to weak demand after domestic prices soared to record highs and as jewellers postponed purchases, hoping for a reduction in import duties. Falling imports from the world's second-largest...
EU economy will avoid recession this year despite persistent unfavourable conditions
According to the European Commission's Winter Economic Forecast 2023, economic growth forecasts for the EU and the euro area for this year have been revised upwards to 0.8% and 0.9%, respectively. These rates are respectively 0.5 and 0.6 points higher than in the...
Pig iron: Turkish imports increase by 13.3%
According to data provided by the Turkish Statistical Institute (TurkStat), the country's pig iron imports stood at 73,898 tonnes in December last year, down 13.5% month-on-month and 16.1% year-on-year. The total value of these imports stood at $33.15 million, down...
Metal scrap: China remains the largest user of scrap despite falling consumption
According to the Bureau of International Recycling (BIR), China’s scrap consumption in the first nine months of 2022 fell 6.7% year-on-year to 170.83 million tonnes, but the country remained the world’s largest user of scrap. The country’s crude...