🏗️💰WHITE HOUSE FOREIGN STEEL SCANDAL EXPLODES
🔹 Trump secured 7 million of European steel from ArcelorMittal for his 00 million ballroom project — breaking Buy American pledge 🇺🇸
🔹 Two days after praising steel donation, White House issued tariff cuts specifically benefiting the Luxembourg company 🤝
🔹 Project cost doubled from initial 00 million estimate to 00 million — raising budget management questions 📊
🔹 Critics slam potential quid pro quo corruption while domestic steel workers feel betrayed by foreign sourcing 😤
So much for America First when it comes to Trump's personal projects 🤔💸
#corruption#steel
@america
Дорогие любители острого, по вашим многочисленным просьбам на нашем сайте появился обсуждаемый всеми после выставки Клинок на Неве баннер со сравнительной таблицей свойств сталей Kizlyar Supreme. Обсуждаем 😏
#Steel#Cryo
Marcegaglia Secures $105M Funding
Marcegaglia, led by Steno Marcegaglia and founded in 1959, has raised $105.06M on December 13, 2024. The group is notable for being the leading Italian industrial entity across the entire steel value chain. For more details, visit Marcegaglia's website.
#Funding#Steel#Industry#Italy#Investment#Marcegaglia
🚢Рынок утилизации судов оживляется на фоне устойчивого спроса в Южной Азии.
Мировой рынок утилизации судов демонстрирует признаки восстановления, с увеличением активности покупателей в Индии, Бангладеш и Пакистане.
По данным Best Oasis, индийские утилизационные верфи активно ищут тоннаж, несмотря на давление со стороны снижения цен на сталь.
Цены на лом остаются стабильными: в Индии и Бангладеш около $385–395 за тонну (HMS 1&2), тогда как в Турции показатели несколько выше, но рынок характеризуется слабой активностью.
В сегменте судового лома ставки достигают $430–475 за LDT в Южной Азии, подтверждая устойчивость спроса.
Рынок поддерживается ограничениями на импорт стали, что усиливает внутренний спрос на лом. Дополнительно геополитические факторы и валютные колебания оказывают влияние на платежеспособность покупателей и динамику сделок.
При этом участники рынка отмечают осторожный подход: несмотря на наличие интереса, сделки заключаются выборочно, а общий темп активности остается умеренным. В Турции рынок остается слабым, без значительного притока тоннажа.
Таким образом, сегмент утилизации флота находится в фазе постепенного восстановления, где фундаментальные факторы поддерживают цены, но сохраняется осторожность из-за внешней неопределенности.
📌Best Oasis Ltd. — основана в 2010 году, частная компания, специализируется на аналитике и брокерских услугах в сфере утилизации судов, принадлежит частным инвесторам.
#shipping#recycling#scrap#markets#steel
Il mio - altro - videoracconto della giornata della manifestazione che si è svolta ieri a Taranto.
Per Ruptly.
Taranto (Italy) 29th november 2019 - Hundreds of Ilva workers, Europe's largest steel plant owned by the French-Indian multinational Arcelor-Mittal, held a general strike in Taranto on Friday, to protest against the company's plans to layoff thousands of workers as well as the toxic waste the plant has spewed over the city.
"As has always been the case, we demand two basic rights that are written in our Constitution; the right to work and the right to the health," Vincenzo Mercurio a worker and a trade union delegate said. Reports say the protest was joined by a large number of students and activists associated with 'Fridays for Future' and 'Youth for Climate' groups.
"The reason why we, students and citizens, are protesting is that we are tired of speaking with people that refuse to respect our rights and to listen to us; people that are busy worrying about their interests, not the people's ones. And we are tired of people showing that they are representing us, although they are just trying to gain our votes," Sara Pierpoli a student and protester said.
The Italian government and the world's largest steelmaker Arcelor-Mittal are in dispute over pollution levels and the company's legal position while Rome is considering options to keep the plant open and save thousands of jobs.
Video and text by Maurizio Vezzosi
#steel#ilva#italsider#italy#climatestrike#fridayforfuture#strikeforclimate
https://youtu.be/7xS2zjstqKs
🚀 U.S. March CPI Expected to Rise Amid Ongoing Iran Conflict
The market widely anticipates that the U.S. Consumer Price Index (CPI) for March will increase by 3.4%, surpassing last month's 2.4%, marking the largest year-on-year rise in two years. According to Jin10, during past oil market shocks, the most likely commodities to see price hikes include aviation fuel, steel, aluminum, natural gas, fertilizers, and plastics. Industries reliant on these materials are already feeling the strain. The ongoing Iran conflict, which has lasted several weeks, has shifted concerns from the initial oil price surge to the compounded effects of a prolonged conflict. For many economists, the most alarming aspect is not the immediate issues but the "aftershocks" that may emerge months or even years later. JPMorgan's CEO has referred to inflation as a potential "fly in the ointment" that could undermine stock market returns in 2026. Harvard University professor and former IMF chief economist Ken Rogoff recently discussed an overlooked impact of the war: the increased military spending's effect on the already strained U.S. budget deficit. He noted the risk of soaring bond yields, which could harm the stock market and affect U.S. affordability. Rogoff also mentioned that the current supply disruptions caused by the Iran conflict are sufficient to keep oil prices elevated for a year.
#USCPI#inflation#IranConflict#oilprices#aviationfuel#steel#aluminum#naturalgas#fertilizers#plastics#economicimpact#stockmarket#JPMorgan#budgetdeficit#militaryspending#bondyields#HarvardEconomist#supplydisruptions#USaffordability