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Aluminum Premiums in Europe and the United States: Divergent Dynamics and Future Uncertainty
The European P1020A aluminum market maintained its bullish momentum in the week ending Tuesday, September 23. Recent trading in Rotterdam showed stronger prices, despite the strong backwardation volatility on the London Metal Exchange (LME), which prompted several...
Indian Steel and Aluminum Exports to the EU in Free Fall: The Shadow of the CBAM
Indian steel and aluminum exports to the European Union (EU) fell 24.4% in fiscal year 2025, according to data released by the Global Trade Research Initiative (GTRI). This decline is evident even before the entry into force of the European border tax (Carbon Border...
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:...