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SteelGuru’s Market Intelligence Service PS14 in early November vide an article “Rumours of VAT rebate removal/reduction on boron added steel exports gaining ground in China” had reported that the rumour of adjustment in VAT rebate by Chinese government for steel exports was gaining strength but so far nothing has really come out

But off late, a new wave of rumours in this regard has started making rounds with expectation of some announcement in January making Chinese steel exporters cautious of finalizing new deals

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Metal Rate
18 Dec, 2014
Zn
2121
Ni
15500
Sn
19175
Al
1888
Cu
6349
Source: LME.co.uk
NEWS ARCHIVE

Hamburg, February 25, 2014 – Lecture halls at dizzying heights, libraries with glass-domed roofs or crooked ... Read More

India a Land of Promises
Stefano Deplano
President & CEO - Danieli Centro Combustion

When Danieli Centro Combustion set up shop in India 6 years ago, the situation was quite different and the ...Read More

Weekly Poll
Coking coal prices to weaken in Q2
Yes
No
Can't Say
Baltic Dry Index
18 Dec, 2014
BDI
814
BCI
517
BPI
929
BSI
925
Source: DryShips.com
Currency Rate
19 Dec, 2014
USD
1.0000
AUD
1.2212
BRL
2.6627
CAD
1.1575
CNY
6.2243
EUR
0.8142
GBP
0.6389
INR
63.0796
JPY
119.3397
RUB
59.9969
ZAR
11.5481
Source: http://www.xe.com