Indian steel demand may double to 170 mt by 2025: BHP Billiton 10th july 2018 Anglo-Australian mining giant BHP Billiton has forecast Indian steel demand will double by 2025, even as it termed the government’s steel production target of 300 million tonnes by 2030 as “aspirational”. “Steel is going to be a great enabler for […]
India’s crude steel output up 6 per cent at 26 million tonne 10th july 2018 India’s crude steel output grew six per cent to 26 million tonne (MT) in the first quarter of the ongoing financial year, according to official data. The country had produced 24.5 MT of crude steel during April-June, 2017-18, the Joint […]
US-China trade war elevates the risks to the global economy 10th july 2018 The trade war that erupted Friday between the U.S. and China carries a major risk of escalation that could weaken investment, depress spending, unsettle financial markets and slow the global economy. The opening shots were fired just after midnight, when the Trump […]
China June manufacturing sector growth ebbs as export orders shrink: Caixin PMI 10th july 2018 Growth in China’s manufacturing sector cooled slightly in June as firms faced rising input costs and a decline in export orders amid an escalating trade dispute with the United States, a private survey showed on Monday. The Caixin/Markit Manufacturing Purchasing […]
China’s economy predicted to expand 6.7 percent in H1 10th july 2018 China’s economy is predicted to expand 6.7 percent in the first half of 2018, slightly retreating from the growth seen in the first quarter but showing continued resilience, according to forecast by financial institutions and economists. Despite some external uncertainties, China’s economy has […]
Nikkei Manufacturing PMI rises to 53.1 in June, the fastest growth in 2018; job creation accelerates too 10th july 2018 The latest Nikkei India Manufacturing Purchasing Managers Index (PMI) survey brings plenty to cheer about. The PMI rose to 53.1 in June from 51.2 in May, consistent with the fastest improvement in the health of […]
India Services PMI rebounds strongly in June 10th july 2018 The Nikkei India services Purchasing Managers’ Index, or PMI, rebounded to 52.6 in June from 49.6 in May, marking the sharpest rate of expansion in a year. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. Input cost inflation […]
India’s eight core industries grow 3.6% in May 10th july 2018 Growth of India’s eight core industries slowed to 3.6% for the month of May, down from 4.7% in April. Cumulative growth for the period ended March 2018 was 4.1%. The eight core sectors include coal, crude oil, natural gas, petro-refinery products, fertiliser, cement, electricity […]
Indian economy set for a surge, India to double the size of GDP to $5 trillion 10th july 2018 President Ram Nath Kovind on Sunday said the Indian economy is set for a surge with the GDP size expected to double to USD 5 trillion probably by 2025. He was speaking after launching the platinum […]
KATM weekly price indicators for bulk physical commodities 10th july 2018 KATM’s indicative price listed below for various bulk commodities listed on our platform during preceding week: Iron Ore Pellets (64%Fe) 110 US$/MT FOB ECI HMS (80:20) Scrap 350 US$/MT CFR ECI Prime Hard Coking Coal (Low Vol.) 212 US$/MT CFR ECI Thermal Coal […]