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India Approves $170 Million Plan to Support Lithium Battery Recycling
The Indian government has taken a significant step to strengthen its supply chain resilience for critical minerals. During its meeting on September 3, the Cabinet approved a six-year incentive plan worth 15 billion rupees (approximately $170 million), from the 2025-26...
GST Rate Reform in India: New Momentum for Autos and Aluminum
The Indian Ministry of Finance, led by Nirmala Sitharaman, approved a major tax rate revision during the 56th GST Council meeting, which will have a profound impact on the automotive sector. Effective September 22, Vehicles under 4 meters in length, with engines up to...
Grid Subsidy: Only Temporary Relief for the German Steel Industry
The German Steel Federation (WV Stahl) has raised a new alarm: the grid subsidy planned by the federal government for 2026, while providing immediate relief to energy-intensive sectors, does not address the structural problems that have plagued the German steel...
Global Coil Prices: United States and Europe Between Stability, Rebounds, and Regulatory Expectations
The US hot-rolled coil (HRC) market showed mixed signals in early September, due to the post-holiday reopening and limited spot activity. In the South, prices consolidated around $830/ton, supported by reasonable material availability and still short lead times (3-4...