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01 10月 2023

US Congress avoids government shutdown: Update

The US Congress today voted overwhelmingly to approve a short-term spending bill that will fund federal operations through 17 November, averting a shutdown that would have brought many government functions to a halt. The House of Representatives voted 335-91 to pass a "continuing resolution" to kee

30 9月 2023

US Congress nears deal to avoid shutdown

The US Congress is getting close to passing a bill that would keep the government funded for 45 days, after Republican leaders decided to bypass far-right members so they could avoid triggering the first government shutdown in four years. In an overwhelming 335-91 vote today, the US House of Repres

29 9月 2023

Brazilian natural gas production falls in Aug

Brazil's natural gas production fell in August, after consecutive records in the two previous months, according to preliminary data from oil and gas regulator ANP. Total production reached 147.9mn m³/d of gas in August, a 4pc decrease from a month earlier and a 5.6pc rise from the same month in 202

29 9月 2023

Update: UAW expands strike against Ford, GM

The United Auto Workers (UAW) union is expanding strikes against US automakers Ford and General Motors (GM). The union will strike Ford's Chicago SUV assembly plant and GM's Lansing Delta Township, Michigan, SUV plant, bringing the total number of striking workers to 25,000 out of the UAW's almost

29 9月 2023

Holland America fleet connects to shore power

Cruise company Holland America has equipped its entire fleet with the ability to access onshore power after its vessel Volendam connected to shoreside electricity on 27 September in Vancouver, British Columbia. The shoreside capability is part of Holland America's strategy to cut its carbon intensi

29 9月 2023

Worthington sees economic stress for steel

Steel service center Worthington Industries expects some stress in the broader economy amid high inflation and slowing demand. "Our businesses continue to perform well despite some economic uncertainty and signs that consumers are stretched," chief executive Andy Rose said of the fiscal first quart

29 9月 2023

UAW expands strike against Ford, GM

The United Auto Workers (UAW) union is expanding strikes against US automakers Ford and General Motors (GM). The union will strike Ford's Chicago SUV assembly plant and GM's Lansing Delta Township, Michigan, SUV plant. The adjacent Lansing Regional Stamping plant will not strike, UAW president Shaw

29 9月 2023

UAW threatens to extend strike to Mack Trucks

The United Auto Workers (UAW) union is threatening to expand its strike against the Big 3 automakers to Mack Trucks, citing lack of progress in contract negotiations ahead of a 1 October deadline, even as the truck producer says the two sides have reached tentative agreements. "Our members at Mack

29 9月 2023

Spot and contract steel prices need to diverge: Mills

European hot-rolled coil (HRC) producers tell Argus that they will insist on rollovers for January-June 2024 contracts, in line with price levels for the second half of this year. Mills suggest — somewhat tenuously, according to buyers — that spot prices and longer-term contract values need to dive

29 9月 2023

US commodity industries brace for fed shutdown

A halt to energy permitting on federal land, disruptions to agricultural and import data, and air travel delays are among the potential effects of a US federal government shutdown that could begin this weekend. President Joe Biden has used the last month to urge the US Congress to come up with an a

29 9月 2023

India’s Vedanta to split into six business units

Indian private-sector resources firm Vedanta plans to separate its six business units into independent companies to attract investment for expansion and growth of each unit. The company is demerging into Vedanta Aluminium, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Ved

29 9月 2023

Germany exceeds climate finance target

Germany exceeded its international climate finance target by making more than €6bn available last year, the government announced today, calling on other industrialised countries to "pay their fair share". Germany's federal government last year made a total of €6.39bn available from budget funds for

29 9月 2023

Green shipping progress uneven: BCG, Singapore’s GCMD

The maritime industry's path to decarbonisation is high priority but progress is uneven and needs a "whole-of-value-chain" and integrated approach, a report by the Global Center for Maritime Decarbonisation (GCMD) and Boston Consulting (BCG) has said. Net zero is seen as a strategic priority and 77

29 9月 2023

Japan’s LPG stocks hit four-year high in August

Japan's LPG stocks totalled 1.9mn t at the end of August, the highest since September 2019, as warmer-than-usual weather capped domestic gas demand for heating. The August stocks were also higher by 8.6pc from a month ago and by 9.5pc from a year ago, according to preliminary data from the Japan LP

29 9月 2023

India’s KIOCL temporarily shuts Mangalore pellet plant

Indian state-controlled iron ore pellet producer KIOCL has temporarily suspended operations at its 3.5mn t/yr pellet plant in Mangalore owing to an unavailability of iron ore fines and maintenance activities. The plant was shut down on 28 September at 5am IST (11:30pm GMT), the producer said, witho

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