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China s total exports surged 36% MoM from May 11 to May 17 | Shanghai Non ferrous Metals

American steel buyers hail Nippon deal that scares Washington

(Bloomberg) Steel traders, automotive customers and even United States Steel Corp. workers are hailing the iconic American company’s decision to sell to a Japanese rival. That has left the steel industry wondering why politicians in Washington are eager to cast doubt on the $14.1 billion deal.Most Read from BloombergIraq Says 16 Killed in US Strikes, Calls Security Risk GraveMeta’s $197 Billion Surge Is Biggest in Stock-Market HistoryUS Hits Iran’s Militias in Syria, Iraq, Raising Escalation

Global market to soon see Made-In-India branded steel products: Scindia

This move will ensure standardised quality of products made by Indian steel producers, in addition to making domestic products more attractive to buyers, an official statement issued on Thursday said. This is the first ever initiative by any ministry to introduce labelling and branding for products of a sector.

Domestic steel and cement industry need Rs 47 lakh crore investment to meet net zero goals: Report

Domestic steel and cement industry need Rs 47 lakh crore investment to meet net zero goals: Report
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Additional capex of Rs 47 lakh crore required to decarbonise India s steel, cement plants: Study

A new study reveals that India s steel and cement plants will require an additional capital expenditure of Rs 47 lakh crore to achieve net-zero carbon emissions. The study also highlights the need for Rs 1 lakh crore in additional operational expenditure each year.

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