Although China is predicted to recover in the second half of the current year, such a recovery may not be adequate to single-handedly push the metal prices up.

The cumulative exports totalled 218,700 tons during the first five months of the current year.

The leading producer was the Southern region, with an output of 745,000 net tons.

The Brass/Bronze Scrap prices in the North American region remained totally flat on Index.

Earlier Mr. Thompson has worked with Gerdau North America in several roles with increasing responsibilities in commercial, operations and logistics.

Fitch predicts Australian iron ore production to grow at an annual average of 0.4% over the forecast period.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up by +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. ...

Traditionally, gold is considered as a hedge against volatility in the stock market.

The press release highlighted the company’s well-laid-out capital allocation policy, which gives top priority to debt reduction over capital expenditure and new investments.

In the Non-Hallmarked category, the 14 carat gold scrap prices edged lower by $ 8.83 per Oz.