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Indian State Silver Imports Plunge 86% in Aug. 2014

The decision by the newly elected regime to retain the 10% import duty on Silver seems to have paid off. The Silver imports by Gujarat- the state that hosts the country’s jewellery industry, has plummeted to five-year lows, falling sharply ...

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India unlikely to relax gold import restrictions yet

India’s restrictive gold and silver import duties were imposed by the previous government to try and help control the country’s current account deficit, with annual gold imports in particular contributing so strongly to the deficit.  The gold sector had hoped that the ...

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India to hike iron ore royalty, miners may struggle to pass on extra cost

India’s cabinet has agreed to raise the royalty rates for iron ore and other minerals, a mining ministry official said, raising the cost for domestic miners, and potentially making imported ore more attractive.   There is a danger for miners that they ...

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India to hike iron ore royalty, miners may struggle to pass on extra cost

India’s cabinet has agreed to raise the royalty rates foriron ore and other minerals, a mining ministry official said, raising the cost for domestic miners, and potentially making imported ore more attractive.   There is a danger for miners that they ...

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India Spot HRC Steel prices fall further in July

HR coil spot prices in the Indian market fell further back in July, down 0.9% month-on-month to Rs 42,193 a ton as the monsoon season weighed down on purchasing activity.   The industry’s hopes that a new businessfriendly government would ...

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India’s Finished Steel Production Up 4.1 Percent in FY 2013-14

India’s finished steel consumption totaled 73.93 million mt in the whole of the last Indian fiscal year (started April 1, 2013-ended March 31, 2014), with a 0.6 percent year-on-year increase, according to provisional estimates released by the Joint Plant Committee ...

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