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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:...
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...