Jindal Steel, Viraj Lead Burgeoning Indian Scrap Metal Trade November 11, 2019 India’s new scrap steel recycling policy calls for 35% to 40% of all raw steel used in smelting to be obtained from scrap by 2030. That could lead to continued growth in demand for scrap steel imports. There’s already been an increase of 36.5% year over year in the 12 months to Aug. 31 in Indi... Read more →
Panjiva Daily: Fiat-Chrysler, Tupras face Turkish tariff risk; Diageo in the tariff firing line September 20, 2019 The Turkish government is convinced the U.S. won’t apply sanctions over a Russian arms purchase – if it does then Fiat-Chrysler and Tupras may face new tariffs. Diageo could also face new tariffs, if EU-U.S. relations keep deteriorating. Also: Jindal, Essar struggle in Europe as Eurofer calls ... Read more →
Jindal, Essar Struggle in Europe as Eurofer Calls For More Protectionism September 19, 2019 The European steel association Eurofer expects to see a 0.4% drop in EU steel demand in 2019. Eurofer also sees the U.S.-China trade war and a no-deal Brexit having a “severe impact (on) global trade conditions”, leading it to call for the EU to extend existing steel protectionism. EU imports ... Read more →
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