• News

    • 2017 February 27

      Australian Gold production hits 17-year high in 2016

      Australian gold production reached 298 tons during last year, its highest level since 1999, as higher bullion prices drove mining companies to dig deeper, according to the survey by Australian mining consultancy Surbiton Associates.

    • 2017 February 26

      China starts new crackdown on plastics scrap imports

      The Chinese government plans to launch a new crackdown on imports of plastics scrap as part of a larger campaign against illegal smuggling of “foreign waste” and other products, according to recycling trade associations and Chinese media.

    • 2017 February 26

      Bullish as Gold rallies in face of expected Fed rate hikes

      Gold has a bullish posture considering the metal has been able to rise despite a bearish factor -- expectations for higher U.S. interest rates this year, said Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic consultant for Rosland Capital.

    • 2017 February 24

      Gold traders 'buy the dips'

      Gold is remaining bid even though the U.S. economy has performed well and markets expect the Federal Reserve to tighten interest rates this year, said TD Securities , these factors normally hurt gold.

    • 2017 February 23

      US domestic Raw Steel production gains 3.3 percent to 1,766,000 net tons

      United States domestic raw steel production gained by 3.3 percent to 1,766,000 net tons in the week ended on February 18, 2017 while the capability utilization rate was 74.6 percent, as per the latest figures released by the American Iron and Steel Institute (AISI).

    • 2017 February 23

      Upward pricing momentum slows in the NORDIC Steel market

      Northern European steelmakers continue to push for increased selling figures. However, MEPS notes that prices for hot and cold rolled coil, across the Nordic region, were unchanged during the past four weeks.

    • 2017 February 23

      Baltic Dry Index rises above 800 points

      The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities rose above 800 points on Wednesday driven by higher cape, panamax and supramax rates.

    • 2017 February 23

      Swiss data shows subdued Gold exports to China in January

      Chinese gold traders appear to have held back on gold purchases in the immediate run-up to the New Year’s festival in January, said Commerzbank, citing data showing that 17.8 tons of gold was exported from Switzerland to China.

    • 2017 February 23

      Safe-haven Gold making a comeback next week?

      “Selling pressure on gold expected as we have double trouble this week -- option expiration on Comex… also FED speak this week and strong stocks, strong dollars dominate thinking,” said RBC Wealth Management’s George Gero.

    • 2017 February 23

      EU average Flat Steel product price rises by 2.8 percent m/m in February

      German manufacturing output goes from strength to strength. Steel demand is high. The busy service centers are enjoying good profit margins as they comfortably pass on mill price rises to their customers and their inventories regularly increase in value. However, any further mill advances may prove more difficult to recoup.