Top Stories Global SCRAP REGISTER en-us 2017-05-24T07:59:38+01:00 Gold may rise but economic deterioration needed for $1,300 an ounce>uploads/news/2017/5/17868743301495561523 Given the current circumstances, TDS believes there could be further room for gold to move higher still. But it will largely be via the monetary policy rout, not through the political channel. US Scrap Gold prices advance; Gold Futures mark highest settlement since April 28>uploads/news/2017/5/17047899451495554170 United States scrap gold prices advanced on the Scrap Register Price Index as on Monday, while gold futures prices at New York Mercantile Exchange as declines in the U.S. dollar index sent prices to the highest finish in three weeks. India Aluminium Scrap prices gain tracking firmness in Futures>uploads/news/2017/5/330741611495542752 India major aluminium scrap commodities prices gained on the Scrap Register Price Index on Monday, while aluminium futures prices at Multi Commodity Exchange settled higher as the ongoing turmoil over Donald Trump has increased investors’ worries over political stability in the US. Weak Dollar lifts India's Brass, Copper Scrap, Copper Futures prices>uploads/news/2017/5/1857755031495540644 India's major brass and copper scrap prices advanced on Scrap Register Price Index as on Monday in line with copper futures prices at India's Commodity Exchange mainly due to weak dollar. EU all products composite Steel prices fall by 3& during May>uploads/news/2017/5/5445991471495536630 The negative price sentiment, noted last month, for sales of hot and cold rolled coil, was more pronounced, in May, in both the north and south of Europe. Global Zinc market records surplus during Q1 2017>uploads/news/2017/5/10647375201495536941 Global zinc market was in surplus by 86 kilo tons during January to March 2017 which compares with a deficit of 235 kt recorded in the whole of the previous year. Reported stocks fell by 39 kt during March, according to World Bureau of Metal Statistics. Main sea freight index at Baltic Exchange declines further 954 points>uploads/news/2017/5/6638080861495529016 The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities declined further to 954 points on Monday led by lower panamax and supramax indices. Stainless Steel production registers a CAGR growth of 5.8% during 1950 to 2015>uploads/news/2017/5/816004021495530277 The stainless steel production registered compounded annual growth rate (CAGR) of 5.8 percent over the period from 1950 to 2015, which is significantly higher than other metals, according to the ‘Stainless Steel in Figures 2017’ report released by the International Stainless Steel Federation (ISSF). Tin market records a deficit of 1.5 kt during Jan-Mar>uploads/news/2017/5/17676564721495517724 The tin market has recorded a deficit of 1.5 kilo ton during January to March 2017 and there were no DLA deliveries during the period, according to the latest figures released by the World Bureau of Metal Statistics. Chinese influence on global Gold price may increase>uploads/news/2017/5/19684066071495517427 Shanghai still holds a prominent position as the largest gold futures market outside of the U.S., despite a reduction in Shanghai Futures Exchange volume for the year to date to around 450 million ounces.