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Global Transport Under Pressure: Hormuz, Typhoons And Congestion Push Freight Rates Higher
The international transport of goods is once again at the center of a combination of geopolitical tensions, extreme weather events and infrastructure problems. The new escalation in the Strait of Hormuz, congestion at the main Far Eastern ports and restrictions caused...
SHFE, Base Metals Rise But Nickel Remains Under Pressure
Most base metals gained ground on the Shanghai Futures Exchange during morning trading on Friday September 4. Copper, zinc, lead and tin ended the assessment in positive territory, also supported by the weakening of the US dollar, while aluminium and nickel moved in...
US Scrap, Turkey Pushes New York Higher While Los Angeles Corrects
The US ferrous scrap export market resumed activity on both coasts, but with prices moving in opposite directions. On the East Coast, the decisive return of Turkish steelmakers supported quotations and lifted the FOB New York index from the previous week. On the West...
European Steel, Duisburg Gives Up Primary Production And Becomes A Reroller
ArcelorMittal plans to cease crude steel production at its Duisburg plant in Germany by the end of 2027, closing the steelworks and billet facility while keeping wire rod rolling in operation. The site will therefore move from a partially integrated model to a...