According to provisional government data reviewed by Reuters on Thursday, India’s finished steel imports dropped by 11.3% year-on-year in April, reaching 0.5 million metric tons, as shipments from China and Japan declined. To counter a flood of low-cost steel imports, primarily from China, India imposed a 12% provisional safeguard duty on select steel imports in […]
Liberty Steel has not produced anything at two of its key UK plants since July, in a sign of the deep financial difficulties for Britain’s third-biggest steelmaker as it looks for rescue funding. The plants at Rotherham in South Yorkshire and Motherwell in Scotland have not produced any steel for about nine months because of […]
Cambridge-based start-up Sparxell has secured €1.9 million in funding from the European Innovation Council (EIC), a significant endorsement of its pioneering plant-based colourant technology. The EIC award supports disruptive innovations with global impact, positioning Sparxell to tap into the $48 billion global colourants market. The funding will enable the company to scale up to tonne-level […]
The UK’s used textiles sector is on the brink of collapse, prompting warnings from environmental NGO WRAP about escalating costs and environmental consequences. Currently, textile collectors and sorters spend £88 million annually managing worn-out clothing. Should the sector fail, local authorities could face an additional £64 million per year in disposal fees, on top of […]
SBM Offshore has officially commenced fabrication of the GranMorgu floating production, storage, and offloading (FPSO) vessel, marking a milestone [1] in Suriname’s first offshore oil development. The first steel cut ceremony took place at BOMESC Shipyard in Tianjin, China, signaling the start of topsides module construction. The GranMorgu FPSO is being developed for TotalEnergies’ $12.2 […]
Shares of BMW Industries witnessed a sharp rally of nearly 12% in Wednesday’s intraday trading after securing a significant order worth ₹364.69 crore from Tata Steel. The steel processing company’s stock surged to ₹59.7 per share, marking its biggest intraday gain since May 5, before settling 4.5% higher at ₹55.8 apiece. The contract, awarded to […]
