April 23, 2026 - Today's Industrial Market News from Industrialinfo.com

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Industrial Info Resources - Industry News Podcast 3 min 1 speaker 4 chapters transcribed 1 month ago
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What are the latest industrial market headlines for Thursday, April 23 2026?

Christine Ramos 0:11
This is the world industrial news for Thursday, April twenty-third. Brought to you by Industrial Info Resources of Sugarland, Texas. ABB and its subsidiaries are involved in more than twelve billion dollars worth of active and proposed projects across the US and Canada, more than seven billion dollars of which and Canada, more than seven billion dollars of which is attributed to projects under construction. More than ninety percent of the total investment is attributed to mining developments. A B said in its press release, quote, All main customer segments recorded double-digit order growth and data centers by as much as triple-digits on broad strong demand.

How is ABB’s $12 billion North‑American project portfolio impacting mining and electronics sectors?

Christine Ramos 0:53
End quote. The company's US based developments include several in the electronics component market, one of which is owned by ABB itself. US crude oil prices near $90 per barrel, supported largely by a geopolitical risk premium, may be incentivizing upstream activity, industry comments suggest. According to Industrial Info Resources data, there are $3.4 billion worth of projects related to oil and natural gas in North Dakota. Aluminum and steel markets are still reeling from bombings of steel and aluminum plants in and around Iran, damage that could take years to repair and for markets to recover, experts fear.

What is the effect of the Iran plant bombings on global aluminum and steel markets?

Christine Ramos 1:38
According to Industrial Info Resources data, three significant aluminum plants and three steel plants in the region have been shut down, some due to bomb damage, others due to supply chain disruptions. GE Vernova's gas turbine reservations and order backlog grew from 83 GW to 100 Gigawatts in the first quarter, according to the company's first quarter earnings results. Regulators in both Minnesota and Wisconsin have given unanimous approval for construction of Alliant Energy's one hundred fifty megawatt then tree north wind farm to proceed. The wind farm will be built in Minnesota's Freeborn County, next to Alliance's existing 200 megawatt bent tree wind farm. Freeborn County is in the extreme south of the state bordering Iowa, but the project required approval from the Public Service Commission of Wisconsin because power from the project will be delivered to Wisconsin homes.

Which new wind‑farm projects received regulatory approval and what are the early Atlantic hurricane forecasts?

Christine Ramos 2:34
With less than 40 days remaining until the start of the Atlantic hurricane season, early forecasts are beginning to outline a developing narrative. While confidence remains limited at this time, a clear divide has emerged between most forecasts calling for a quieter season and the outlier maintaining the potential for more active conditions. For details on these and other breaking news, read the full stories at industrialinfo.com. I'm Christine Ramos, reporting for Industrial Info News.

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