India Keeps Shipping Rates Steady Amid Iran-Israel Tensions, Eyes Contingency Plans *Shipping rates from India remain stable despite escalating tensions between Iran and Israel*, government officials confirmed on *Tuesday, June 24*. However, the Indian government is *closely monitori...
US Cold Rolled Coil Imports Drop Nearly 10% in April *US imports of cold rolled coil (CRC) declined by 9.5% in April* compared to the previous month, according to *preliminary data from the US Department of Commerce*. Total CRC imports amounted to *106...
Gallantt Ispat Secures Iron Ore Reserves in Uttar Pradesh, Boosts Self-Sufficiency *Gallantt Ispat Limited (GIL)*, a major Indian producer of billets and rebars, has *secured two iron ore blocks in Uttar Pradesh's Sonbhadra district* through a government auction, the company announc...
Brazil Sees Drop in Steel Import Freight Rates in May *Brazilian finished steel imports saw a drop in freight rates in May*, according to data released by *COMEX*, the country's foreign trade authority. The average freight cost for *steel imports in May ...
Tensions in Middle East Raise Fears of Strait of Hormuz Closure, Triggering Oil Price Spike and Global Shipping Disruptions Fears of a *potential closure of the Strait of Hormuz by Iran* are mounting after *Iranian authorities and parliament threatened action* in response to *U.S. airstrikes on Iranian nuclear sites* over ...
Malaysia Extends Antidumping Duties on Chinese and Japanese Cold Rolled Coils for Five More Years The *Malaysian Ministry of Investment, Trade and Industry (MITI)* has announced its final decision following a sunset review on antidumping duties for *cold rolled coil (CRC) imports* from several Asi...
Cleveland-Cliffs Launches $150M Stainless Steel Line at Ohio Plant, Boosting Automotive Supply Chain *Cleveland-Cliffs Inc. has officially launched a $150 million stainless bright anneal line* at its Coshocton Works facility in Ohio, marking a significant expansion in its high-performance stainless s...
India Proposes Linking Domestic Iron Ore Prices to Global Benchmarks for Greater Transparency The *Ministry of Mines of India has proposed a major overhaul of the country’s iron ore pricing system*, recommending that *domestic prices be benchmarked to international indices* such as those publi...
EU Launches €3M Hydrogen Support Project for Turkey The *European Union has approved a €3 million technical assistance project* to support the development of *Turkey’s green and low-carbon hydrogen ecosystem*, with the country's national gas supplier *...
EU Agrees on CBAM Simplification, Easing Burden for Small Importers The *European Parliament and Council have reached a political agreement* on a package of technical changes to the EU’s *Carbon Border Adjustment Mechanism (CBAM)*, aiming to *simplify compliance* whil...
British Steel Backs £22M IGNITE Project to Transform UK Steel Industry *British Steel has joined a major £22 million initiative* aimed at reshaping the UK’s steelmaking sector, with the goal of strengthening the domestic supply chain, *boosting national infrastructure*, ...
Industrial Confidence Drops in June as Brazilian Entrepreneurs Remain Cautious *Confidence among Brazilian industrial entrepreneurs declined in June*, according to data released by the National Confederation of Industry (CNI). The Industrial Entrepreneur Confidence Index (ICEI) ...
