Metals and Mining Newsletter – September 11 to September 15, 2017

This week, “Steel Authority of India Ltd. (SAIL), is running a nationwide campaign which is aimed at boosting steel consumption in country.”

Sep 16, 2017 11:09 IST India Infoline News Service

Top News

SAIL’s retail sales gets boost with new campaign

Steel Authority of India Ltd. (SAIL), is running a nationwide campaign which is aimed at boosting steel consumption in country. This has started to reflect positively through the dealer sales numbers, which recorded 18% jump in the month of August 2017 over the corresponding period last year selling 91,000 tonnes of steel in the month. Read More

Gold inches up as geopolitical tensions rise

Gold prices hiked on Friday as North Korea's missile launch over Japan increased safe-haven buying. However, gains remained limited as strong US inflation data increased the speculations of another interest rate hike. Read More

Coal India gains on diversification plan

The company is planning to become a full-fledged mining company in a bid to mitigate the growing pressure from renewable energy. Betting on the core competence in mining, the coal behemoth is planning to foray into mining of iron ore, bauxite, copper and nickel. Read More

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