Falling gold prices revive physical demand in key markets
Consumers in price sensitive regions such as India had been finding it difficult to cope with gold's rally in recent months.
NEW DELHI, Sept 13 (Reuters) – India’s steel minister said on Thursday he wanted the finance ministry to scrap the 2.5 percent duty on imports of coking coal, a key steelmaking raw material, to limit input costs.
“We are pursuing a cut,” Chaudhary Birender Singh told reporters. “We want to make it zero. It cannot be 2.5 percent to 2 percent.”
India’s coking coal imports rose 13 percent in the 2017/18 fiscal year that ended in March.
(Reporting by Neha Dasgupta; Editing by Malini Menon)
