Elevated input costs hurting for Asian steelmakers

The year started off on a bullish note for steel-making raw materials while the prices of finished products failed to exit the bear camp, casting a shadow on the margins of Asian steel mills, as per a report...
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The white metal slides as inventories swell

As indicated from the base metals’ performance during the first month of 2023 and just as we were hoping we might be seeing a revival in the base metal prices, the metals pack ended significantly...
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Strong demand keeps copper afloat amidst increased uncertainties

The global copper market is experiencing tough weather amidst increased geo-political turmoil involving almost all the major consuming countries. The intensification of the Russia-Ukraine conflict by increased involvement...
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Global Zn market deficit climbs to 100,500 T in Dec

The global zinc market deficit rose to 100,500 tonne in December from a revised deficit of 66,900 tonne a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed.
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Global lead market swings to deficit of 6,100 t in Dec

The global lead market flipped to a deficit of 6,100 tonne in December from a revised surplus of 9,200 tonne the previous month, data from the International Lead and Zinc Study Group (ILZSG) showed.
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Russia’s move to limit exports of the lustrous metal could impact its prices

Nickel prices traded low during the month of June shedding losses of approximately 19% at LME tracing the US Central Bank’s decision to stem inflation. LME prices traded at 5 months low during June.
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Soldering metal prices to rise on tight supply

Tin will be the metal most impacted by the rise of new technologies, such as electric vehicles, robotics and renewable energy, ahead of lithium, cobalt and silver, according to a study by the Massachusetts...
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A sharp rise in dollar index led to a fall in the white metal prices

The white precious metal—silver—showcased a sharp decline in February 2023 tracking weakness in the gold and base metals market. A sharp recovery in the global bond and currency market weighed on the precious metals market including silver.
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The yellow metal's prices fall over hawkish Fed chief's remark, strenthening dollar

Gold prices largely moved down through the month on strong dollar and on expectations that the U.S. Fed would continue to raise interest rates in their combat against inflation.
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Budget focus on infra & enhanced investment in railways to spur demand for wire & cable

Wire & cable is the backbone of the much-hyped electrical and electronics industry. The wires and cables are the channels that transmit power and data. The government’s initiatives to propel the domestic manufacturing sector and infrastructure...
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Wires & cables market projected to grow at CAGR of 4.2% from 2023 to 2030

The global wires and cables market size was estimated at USD 202.05 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030, as per Grand View Research. Rising urbanization and growing infrastructure...
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Steel industry facing challenges as borrowing levels rise and earnings moderate

Domestic steel companies face a bumpier road ahead as the external environment becomes more challenging due to elevated inflation/ energy prices and rising interest rates. In Q2 FY2023, the industry’s absolute earnings plummeted...
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1st qtr 2023 could be very difficult for global long products market

Raw material costs are increasing once again and energy prices are expected to be very high at least until March 2023. Mills are facing cost pressures once more in the global long steel products market. Business activity has been reduced...
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Steel export demand to remain subdued due to global slowdown

Steel export demand is expected to “remain subdued” because of a global slowdown, the Economic Survey 2022-23 said. However, the Centre’s thrust on infrastructure projects, pick-up in construction activities and real estate demand...
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Steel exports to major markets decline in April-Dec period

India's steel exports to all of its major foreign markets, including Vietnam, Italy, the United Arab Emirates, and Belgium, decreased by 40 to 60% between April and December, showing sustained recessionary pressure...
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India gearing up to produce more coal to meet future demand

The global transition from blast furnace/basic oxygen furnace (BOF) steelmaking to scrap-fed electric arc furnace (EAF) is progressing slowly, with China and India remaining heavily reliant on BOF technology, according...
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Rapid renewable expansion driving down gas, coal generation in coming years: EIA

The rapid expansion of renewables in the US electricity generation mix, driven by declining construction costs and favourable tax credits, will reduce coal-fired and natural gas-fired generation over the next two years...
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Restructuring of iron & steel industry is bound to give a new scenario to steel sector

Opening up of Indian economy to global markets in Mineral industry has set new levels of mineral targets to be scaled by the Indian Mining and Mineral industries. India has a lot of high-quality iron ores. Magnetite is the purest iron ore, with a heavy...
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Prices of iron ore likely to rise

Exports of iron ore out of India are likely to remain low as the world’s fourth-largest producer reserves more of the commodity for its own use, said commodity intelligence service Kpler. “Indian iron ore exports … have really come...
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Copper demand back on growth track in FY22

Supported by strong policy reforms across sectors, the post-pandemic demand for copper is back on the growth track in FY22 registering a YoY growth of over 27.5 percent in India. The demand for the red metal stood at 12.5 lakh tonne...
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Aluminium capex to triple over next 5 fiscals on strong demand

With demand for robots growing as companies in multiple sectors look for new ways to enhance their productivity and competitiveness post-pandemic, ABB has compiled a set of growth predictions, looking at key trends driving...
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Automotive sector growth to be moderate in near-to-medium term

The domestic automotive industry saw a healthy revival in FY2023, aided by a recovery in economic activities and increased mobility. The demand sentiments for a majority of the automotive segments, the passenger and commercial....
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India’s shifting automotive procurement mandate

Strategic sourcing will separate leaders from laggards in India’s automotive industry. Several factors are driving this new reality, including the COVID-19 crisis, which disrupted supply chains. Since the first lockdown, Indian manufacturing...
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Decarbonization challenge for steel

Steel is one of the core pillars of today’s society and, as one of the most important engineering and construction materials, it is present in many aspects of our lives. However, the industry now needs to cope with pressure to reduce its carbon...
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Africa – mining by the numbers, 2022

Currency volatility, policy revisions, agreement cancellation and deteriorating infrastructures are some of the risks facing investors in Africa. But investor interest is getting stronger with the green energy transition at full steam and turmoil..
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Outlining the roadmap for a sustainable future thru clean fuel & energy solutions

Madhya Pradesh witnessed its first “Green Summit” which saw both public policy makers and industry leaders come together on the same platform to discuss, share ideas, and focus on innovation to build green future through sustainable...
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Ametek India opens new facility to provide support across industries

AMETEK India Opens New Facility in Bengaluru, India (06 December 2022) – AMETEK India, a subsidiary of AMETEK Inc., is pleased to announce the inauguration of a new, state-of-the-art facility in Bengaluru that will...
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IMTMA honours their founding father Sir Dhanjishah Bomanji Cooper at IMTEX 2023

Indian Machine Tool Manufacturers' Association (IMTMA) which is the apex industry body for the machine tool sector in India hosted the 20th edition of IMTEX. IMTEX is South and Southeast Asia’s largest exhibition...
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Delhi to host Global Zinc Summit 2023

India’s leading zinc conference would bring top national and international industry experts to talk about the latest trends and opportunities for a number of global zinc applications. It will be held at Le Méridien New Delhi, India...
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Volvo and Eicher showcase future-ready mobility solutions aligned with vision of Smart Sustainability

VE Commercial Vehicles (A Volvo Group and Eicher Motors Joint Venture) unveiled a range of future ready mobility solutions from the Eicher and Volvo brands at Auto Expo 2023. Aligned with the Government’s vision...
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Kazakhstan, AIAI & WTC Mumbai to jointly promote bilateral trade

“Kazakhstan is going to organize a mega exhibition in the month of March 2023 to promote Indian products in the 11-country CIS region. The exhibition will promote Indian products across pharmaceuticals, engineering...
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