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Tin: healthy stocks and weak demand limit price rise
Rising tin stocks, weak demand, and the risk of bullish position selling by speculators will likely limit further upward movement in tin prices following the mining ban in Myanmar, the world's third-largest tin mining nation. Tin is the best-performing metal on the...
Outokumpu’s sales revenue decreased in the first half year
Finnish stainless steel producer Outokumpu announced its financial results for Q2 (second quarter) and the first half of this year. The company reported a net profit of EUR 89 million in the second quarter of this year, compared to EUR 338 million in the same period...
Steel: India’s exports increased by 35% in July while imports rose by 32%.
According to preliminary data released by India's Ministry of Steel, India's finished steel exports increased by 35% year-on-year to 513,000 tonnes in July this year. Imports rose 32% year-on-year to 587,000 tonnes in the month, maintaining India's position as a net...
Gold: Turkey imposes a surcharge on some imports
Turkey has introduced a 20% surcharge on certain gold imports in an attempt to curb the negative impact on the current account balance. The decision states that gold imports from countries that do not have free trade agreements and are not part of the European Union...