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MEIL to Build India’s First Private Strategic Petroleum Storage Facility: A Record-Breaking Project
Megha Engineering & Infrastructure Ltd (MEIL), a Hyderabad-based infrastructure giant, has been awarded a Rs 5,700 crore (over $680 million) contract to build and operate India's first private strategic petroleum storage facility (SPR). The agreement, which also...
U.S. Crude Steel Production: Slight Weekly Decline, But Up Year-Over-Year
In the week ending Saturday, September 20, domestic crude steel production in the United States stood at 1,754,000 net tons, with a capacity utilization rate of 77.4%. This was reported by the American Iron and Steel Institute (AISI). The breakdown by district shows:...
Turkey, Seaborne Scrap Imports Still Stagnant: Steel Mills Focus on Domestic Market
Turkish seaborne ferrous scrap imports started the week quietly, driven by weak finished product sales in the country. According to a report by Commodity Evolution on Monday, September 22, major steel producers showed little activity on deep-sea markets after their...
China, Strategic Metal Exports Remain Volatile: Germanium and Bismuth Increase, Gallium and Indium Decline
Chinese exports of germanium and bismuth increased in August, after several months of low volumes, while gallium and indium decreased, though remaining at relatively high levels. This is according to the latest statistics released by the Chinese Customs Administration...