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Addressing a meeting of the parliamentary consultative committee, attached to his ministries, in Bengaluru, Karnataka on July 7th-2015. Union Steel and Mines Minister Narendra Singh Tomar said that India has overtaken the United States to become the World's third largest steel producer during the first five months of this calendar year.

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First River has provided strategy consulting services to the steel industry and those with an interest in it since 1998. Thanks to a new technology partnership with Knoema, you can now share First River’s charts, subject focused dashboards and insights to improve your understanding of the steel industry around the world.

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Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030

Brent crude oil price will average at $63.4 per barrel in 2018 and decrease to $62.7 per barrel in 2019 according to the most recent forecast from the U.S. Energy Information Administration's Short-Term Energy Outlook released monthly. EIA revised up its forecast for 2018 by 2.5 dollars per barrel from the previous release. However, the real price of a barrel of Brent oil - i.e. price adjusted for inflation - will slightly increase to $60 in 2018 as predicted by OECD in its November's Economic Outlook. After a modest growth in 2018 though, the nominal price of Brent crude will increase to $51.8 a barrel by 2020, as per IMF's Primary...

Aluminium Prices Forecast: Long Term 2017 to 2030 | Data and Charts

Aluminum price grew by 4.3 percent in November 2016 compared to the previous month and by 17.3 percent from a year ago. The price of aluminum rose to record levels since June 2015, well over $1737 per metric ton. Such growth was driven by the significant decline of production in February 2016 when total production of aluminum fell to 4,184,000 metric tons from 4,729,000 metric tons in January 2016. This situation is related to some extent to politics in China and higher prices of coal and other energy products. At this time, aluminum production in China reduced to 2,070,000 metric tons. It is the lowest value since 2013. However, by...

Gold Prices Forecast: Long Term 2017 to 2030 | Data and Charts

The price of gold increased by 16% since the start of the current year as of April 2016 closing the month at the level of $1,242 per troy ounce. This strong recovery of gold prices happened due to the surge in demand for gold, that was up 21% year-on-year in the first quarter of 2016 reaching 1,290 tons. The main driver of this increase was huge inflow in exchange traded funds (ETFs) - marketable securities traded on a stock exchange which tracks commodity prices, including gold. The main factor that fueled the demand for the yellow metal is a high level of uncertainty observed in the global economy at the moment. People always rush towards...

Natural Gas Prices Forecast: Long Term 2017 to 2030 | Data and Charts

Autumn and winter are traditionally characterized by the growth in energy consumption and, thus, in prices for energy products. Still, natural gas prices in the US, Europe, and Japan showed different dynamics in November. Thus, the spot price of natural gas at Henry Hub, US, fell by 15.2% in November compared to the previous month. This decline - which was the sharpest monthly drop since December of 2014 - interrupted a period of steady growth lasting from April. On the contrary, in Europe, average import border price of natural gas surged by 14.4% - the most dramatic monthly increase over the last 17 years. What for the import price of...