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Gold Could Hit 2015 Lows, But This Analyst Is Not Worried

  • 29 January 2017
  • Author: NarinUser1
  • Number of views: 545
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Gold Could Hit 2015 Lows, But This Analyst Is Not Worried

- One analyst is not too worried about short-term weakness in the gold market, given that it has potential to shine in the latter part of the year.

“We are bearish gold in the short term. We forecast an average of $1,170 this quarter and $1,140 in Q2. A test of the late 2015 low around $1,046 is possible,” noted Tom Kendall, head of precious metals strategy for ICBC Standard Bank, in a report Friday.

World crude steel output increases by 0.8% in 2016

  • 29 January 2017
  • Author: NarinUser1
  • Number of views: 571
  • 0 Comments
World crude steel output increases by 0.8% in 2016

World crude steel production reached 1,628.5 million tonnes (Mt) for the year 2016, up by 0.8% compared to 2015. Crude steel production decreased in Europe, the Americas and Africa. Crude steel production increased in the CIS, the Middle East, Asia and Oceania.

Iron ore imports rise in China in 2016

  • 29 January 2017
  • Author: NarinUser1
  • Number of views: 485
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Iron ore imports rise in China in 2016

China's iron ore imports increased about 7.5% in 2016 compared with 2015 and surpass 1 billion tonne during last year.

 China as the world' biggest buyer of the steel making raw material, bought 1.024 billion tonnes last year. This figure was about 952.48 million tonnes in 2015.

World refined copper in deficit

  • 29 January 2017
  • Author: NarinUser1
  • Number of views: 471
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World refined copper in deficit

The international copper study group (ICSG), said in its latest report, the global refined copper market faced with about 64,000 tonnes deficit in the first 10 months of 2016. This was due to increased demand in China during this period compared with last year.

The world crude steel production in November 2016

  • 29 December 2016
  • Author: NarinUser1
  • Number of views: 611
  • 0 Comments
The world crude steel production in November 2016

World crude steel production for the 66 countries reporting to the World Steel Association was 132.4 million tonnes (Mt) in November 2016, 5.0% up on November 2015.

China’s crude steel production for November 2016 was 66.3 Mt, an increase of 5.0% compared to November 2015. Elsewhere in Asia, Japan produced 8.6 Mt of crude steel in November 2016, a decrease of -1.4% compared to November 2015

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