World Gold Council (WGC) which is the International Searching Authority for gold, announced on 18th that gold demand of 2013 decreased by 15% from the previous year to 3,756 tons, it recorded the lowest level for the first time in 4 years. Outflow from ETF recorded high, it was 881 tons, due to tapering quantitative easing observance in the US. On the other hand, actual demand is active because of undervalued gold average price that decreased by 15% from the previous year to 1,411 dollars per ounce. China overtook India as the world biggest gold demand country for the first time.
Japan Steel Scrap Composite Prices (Sangyo Press)05/19/2022
|60500YEN (-1200)||64800YEN (-1100)|
|467.43US$ (-5.98)||500.66US$ (-4.98)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)