Quick view: Indonesian tin exports may fall most in 8 months

Aug 01 2013, 21:50 IST
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SummaryTin exports from Indonesia, which surged in June before new purity rules in the world’s largest shipper came into force, will probably contract in July by the most in eight months

Tin exports from Indonesia, which surged in June before new purity rules in the world’s largest shipper came into force, will probably contract in July by the most in eight months, according to a survey. Shipments may fall 28% to 8,000 metric tonne compared with June, the median of estimates from six exporters and an analyst in a Bloomberg survey showed. That’s the steepest drop since November, when sales fell 28.1%, and compares with 8,298.5 tonne a year earlier, data compiled by Bloomberg show. While the rules on exports that came into effect from July 1 were not as severe as initially planned, shippers boosted sales in June to the highest level since December 2011.

BIS awards ISO 9001 to steel ministry for three years

The Bureau of Indian Standards (BIS) has awarded the ‘ISO 9001’ quality management system certificate to the steel ministry for a period of three years. Sunil Soni, director general, BIS, presented the certificate to steel minister Beni Prasad Verma on Wednesday. ISO 9001 is a quality management system that codifies quality standards in every area of an organisation’s functioning. Verma lauded the efforts of the ministry’s officers and said the department has been laying emphasis on streamlining systems and procedures to improve its working and bring about transparency.

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