While Trump’s tariffs could help steel and aluminum plants in the United States, they could raise prices for the manufacturers that use the metals as raw materials. President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create US factory jobs at a… Continue reading Trump’s 25 % tariffs on all steel and aluminum imports go into effect
Author: Economic Times of India Online News
Shanghai copper gains on signs of improving China demand
Refined copper output in China will likely slide in April as more smelters will start equipment maintenance and those suffering severe loss will lower their capacity utilisation rates, analysts at First Futures said in a note. Shanghai copper outperformed its base metals peers on Wednesday, on prospects of improving demand of the red metal used… Continue reading Shanghai copper gains on signs of improving China demand
China, EU vow countermeasures against sweeping US steel tariffs
Daco of EY also noted that the new steel and aluminium levies go further than measures Trump imposed in 2018 — covering a range of finished products atop of raw steel and aluminium. China and the EU vowed Wednesday to strike back and defend their economic interests against sweeping new US steel and aluminium tariffs,… Continue reading China, EU vow countermeasures against sweeping US steel tariffs
Jindal Stainless investing Rs 700 crore on decarbonisation projects
Jindal Stainless Ltd (JSL) on Tuesday said the company is in the process of investing Rs 700 crore in decarbonisation projects to achieve its net-zero goals by 2050. The investments will continue over next five years to set up various environment-friendly projects, which include renewable energy, green hydrogen, biodiversity conservation, waste management and adoption of… Continue reading Jindal Stainless investing Rs 700 crore on decarbonisation projects
One global market is barreling toward a war with Trump’s latest tariff offensive
That export surge has already triggered a wave of pushback from trade partners — who now fear they will have to bolster protection still further. US President Donald Trump is unleashing sweeping import tariffs that he says will reverse the decline of America’s steel towns. But the US isn’t the only nation rushing to protect… Continue reading One global market is barreling toward a war with Trump’s latest tariff offensive
Waaree Renewable Tech consortium bags Rs 740 cr order for solar project
The arrangement between the consortium members shall be finalised in due course. Waaree Renewable Technologies Ltd (WAAREERTL) on Tuesday said a consortium of three firms including the company has secured an order worth Rs 740.06 crore for EPC work of a 125 MWAC solar project. The project is scheduled to be completed within 18 months… Continue reading Waaree Renewable Tech consortium bags Rs 740 cr order for solar project
Four underpasses planned for wildlife safety on Rishikesh-Jheelwala highway
Four underpasses will be constructed in the four-lane road that is to be built from Rishikesh to Jheelwala of Ranipokhari to provide safe movement to wildlife in the forest area without human interference, according to an official statement. Officials said that at present there is a two-lane road from Rishikesh to Jheelwala, which the National… Continue reading Four underpasses planned for wildlife safety on Rishikesh-Jheelwala highway
Hyundai Motor planning to build 1st local hydrogen fuel cell plant
The first plant in Guangzhou began operations in 2023. It is capable of manufacturing hydrogen fuel cell systems that can power 6,500 hydrogen commercial vehicles. Hyundai Motor plans to build its first hydrogen fuel cell systems plant in South Korea for the start of operations in 2028, the company’s labour union claimed on Tuesday. Hyundai… Continue reading Hyundai Motor planning to build 1st local hydrogen fuel cell plant
Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slump
“The public eye seems to be coalescing around what he’s doing for the federal government. Elon Musk is running his businesses “with great difficulty” while working with the Trump administration, the Tesla CEO said on Monday in an interview with Fox Business. His remarks followed Tesla losing $130 billion in stock market value in a… Continue reading Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slump
Danieli, newcleo team up to explore nuclear-powered green steel production
Danieli, an Italian group that builds iron and steel making plants, and newcleo said on Monday they signed a memorandum of understanding to explore the integration of the nuclear firm’s small advanced reactor technology into steel-making. The agreement laid the basis to help decarbonise steel production through combined electricity and heat coming from nuclear energy,… Continue reading Danieli, newcleo team up to explore nuclear-powered green steel production