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Oman’s Jindal Shadeed to use railway network for shipments to UAE
In addition, this new collaboration will also help Jindal to achieve its sustainability objectives and contribute to the reduction of carbon emissions in the UAE and Oman.With the help of this new deal, Jindal will be able to transport up to 4 million mt of raw materials and finished products per year from Sohar port to the UAE markets.On the other hand, the company will also optimize its operational integration with the support of OERC’s state-of-the-art railway network.Our ability to seamlessly transport nearly 4 million mt of raw material will greatly help us in our operations, supporting our ambition to reduce our carbon footprint,” Harsha Shetty, CEO of Jindal, stated.“This is an important milestone for our company as we look forward to further expanding the reach of our high-quality, industry-leading products in the region and beyond.

🌎 International · 🗓️ August 08, 2023 · Steel

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Reciprocal tariffs to return unless US and EU finalize arrangement on steel trade
The parties - which will have to either extend the deadline or the Section 232 tariffs and EU retaliatory measures on more than $10 billion of exports will return - are said to have made progress on how to resolve the oversupply issue, especially oversupply from China.

🌎 International · 🗓️ August 08, 2023 · Steel

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US stainless price gap with rest of the world starts to narrow
As reported in early June, stainless steel prices in the United States remain exceptionally high in comparison with those in the rest of the world.However, the price disparity started to narrow in July.The difference in transaction values between the MEPS figures for the United States and Europe average, for grade 304 cold rolled coil, peaked at US$1867 per tonne in June.This will result in a reduction of at least 20 percent in the price differential between the United States and Europe, from its high point in June.Therefore, it is likely that the price gap with Europe will close even further, in the near term.

🔗MEPS International

🌎 International · 🗓️ August 08, 2023 · Steel

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MEPS International ‘on target’ with company rebrand
“For those in the know, MEPS is the go-to source of accurate and dependable steel market insight and intelligence.MEPS International’s rebrand signals the start of an evolution of the independent steel sector insight provider’s offering.MEPS International has used its eye-catching company rebrand to underline the accuracy of its steel market data – and its evolution to better meet customers’ changing needs.Visit the MEPS website for more details about its full range of products and how to subscribe.“This revitalising rebrand will help it leverage its profile, allowing us to extend the reach of our industry-leading services to even more businesses across the global steel sector.”

🔗MEPS International

🌎 International · 🗓️ August 08, 2023 · Steel

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MEPS forges Steel City partnership with Sheffield FC
“We’re a global provider of insight from the steel sector and Sheffield FC is known across the world.The ‘on target’ theme of MEPS International’s sponsorship of Sheffield FC will not be wholly confined to the stadium’s stands, however.Sheffield-based MEPS has become the official ground sponsor of the historically significant sports club as it prepares to celebrate 45 years of supporting the steel sector in 2024.Visit the MEPS website for more details about its full range of products and how to subscribe.”MEPS founder Peter Fish recently joined head of marketing Joe Rugg and sales manager Jamie Milnes for the unveiling of the new Home of Football Stadium branding.

🔗MEPS International

🌎 International · 🗓️ August 08, 2023 · Steel

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