Top Stories Global SCRAP REGISTER en-us 2017-01-24T12:29:03+01:00 The Trump administration a bullish factor for Gold: HSBC>uploads/news/2017/1/10863416721485240668 HSBC look for gold-price volatility under new U.S. President Donald Trump and also anticipate that his policies ultimately will be bullish for the metal. Markets may start viewing Trump comments differently now that he is president. An off-the-cuff comment, even if not meant literally, from a president has the power to move markets. India Containerized Shredded Scrap import prices remain steady; Plastic Scrap prices show mixed trend>uploads/news/2017/1/6510581551485235360 India containerized shredded scrap import weekly average prices continued to remain steady during the week ended January 13 this year, while India's major plastic scrap prices on the Scrap Register Price Index showed mixed trend. US Silver Scrap prices down; Silver Futures climb 1.6% for the week>uploads/news/2017/1/18725034981485178010 United States silver scrap prices down on Friday, while silver futures prices at New York Mercantile Exchange climbed as the dollar fell and US Treasury yields came off their highs after Donald Trump was sworn in as US president. US Gold Scrap prices slightly advance; Gold Futures advance for the fourth week in a row>uploads/news/2017/1/7142245561485176689 United States scrap gold prices slightly advanced on Friday, while gold futures prices at New York Mercantile Exchange advanced for the fourth week in a row, buoyed by weakness in the U.S. dollar and uncertainty surrounding Donald Trump’s presidency. Restricted availability boosts EU Steel prices>uploads/news/2017/1/20777208621485173842 European strip mill product prices continued to strengthen, in January. The substantial upward pressure from raw material costs diminished. However, supply remained extremely tight and domestic mill delivery lead times stretched into the second quarter. India Nickel Scrap prices remain flat; Nickel Futures fall in line with LME Nickel>uploads/news/2017/1/9296050761485171467 India's major nickel scrap prices continued to remain flat on the Scrap Register Price Index as on Friday, while nickel futures prices at India's Multi Commodity Exchange fell 2.154 percent in line with Nickel prices at London Metal Exchange. India Copper Scrap prices drop; Copper Futures advance slightly>uploads/news/2017/1/16581587431485169364 India major copper scrap prices dropped on Friday, while copper futures prices at India's Multi Commodity Exchange advanced as the dollar slipped, but gains were capped by weak investment and industrial production data from top consumer China fueling worries about demand. Gold has inverse relationship to presidential approval ratings>uploads/news/2017/1/14893272391485165847 Historically, there is an inverse relationship between a U.S. president’s approval rating and gold prices. Analysts mentioned the tendency before Donald Trump is inaugurated as U.S. president on Friday. Taiwan Containerized Scrap import prices gain to $255 a ton>uploads/news/2017/1/18801480641485163103 Imported ISRI grade scrap prices into Taiwan increased $4 a ton during the week to $255 a ton. Taiwanese mills increased offer levels for domestic rebar the week, and as a result seemed more willing to take higher prices for imported ISRI grade scrap. Baltic Dry Index falls further to 925 points>uploads/news/2017/1/4996408401485162414 The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities fell further to 925 points on Friday mainly due to lower cape, panamax and supramax indices.