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Steel: price heads for rebound due to rising supply concerns in China and Eurozone
Steel prices are showing signs of exhaustion after being in a bear's grip for an extended period. The asset is expected to rebound as supply concerns are set to outweigh the impact of subdued demand. The ineffectiveness of the supply-demand mechanism has been a major...
Coal: Indian production will increase by 150% in 10 years
The Ministry of Mines predicts a 150 percent growth in coal production in 10 years as a result of the coal reforms that have been introduced. The Ministry expects to produce 1510 million tons in 2029-2030, up from the current production of 778 million tons in...
Crude steel: JSW Steel’s production increased 22% year-on-year in August
JSW Steel said its crude steel production for August stood at 16.76 tons, up 22 percent year-on-year. In the same period last year, the company's crude steel production was 13.77 tons. While flat product production increased 34 percent to 12.01 tons, long product...
Copper: weaker dollar strengthens prices as market awaits China data
Copper prices rose Monday, supported by the weakening dollar, as the market awaits data from major consumer China for a better indication of the demand outlook. Benchmark copper on the London Metal Exchange is up o 0.86 percent at $7,938/ton as of 15:22 GMT.+2. The...