After a great performance in the Q1, 2012, most gold miners may witness erosion of margins in the next quarter due to fall in prices of gold. The market has also taken this into account with major gold shares falling at New York Stock Exchange in recent months.
In an overbought US equities market, the ruling frenzy is for social media- LinkedIn, Facebook and Google. This has pushed gold and gold mining stocks lower. The social media rush brings memories of the tech-bubble of 2000 but this euphoria may not last and gold will be back in favour, according to Jeb Handwerger
Indian steel industry is trailing behind in several areas in technology and Research & Development which are reflected in poor techno-economic parameters. It is the need of the hour to bring the Indian steel sector at par with its overseas counterparts. Being the fourth largest producer of steel in the world, India plans to boost the steel industry in order to sustain its economic development through research and development.
There was a time when the stainless steel heavily depended on Nickel or Chromium for its resistance. Also, the market prices of nickel was proportional to that of stainless steel, as two thirds of the mined nickel went straight into stainless steel production. But the strong bond seems to be weakening since the quantity of nickel used in the production of steel was reduced.
