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In-depth analysis of the transpacific shipping market and its economic implications
In late November, the transpacific shipping industry usually slows down, marking a seasonal pause. However, this year, freight rates per container remain extraordinarily high. Since October, costs have stabilized above $5,000 per FEU, with rates bound for the U.S....
Thyssenkrupp: Steel division restructuring plans amid doubts and resistance
German industrial giant Thyssenkrupp has announced an ambitious restructuring plan for its steel division, Thyssenkrupp Steel Europe (TKSE), which calls for cutting about 40 percent of the workforce, equivalent to 11,000 jobs. However, details on how the group intends...
The European aluminum foil industry: a sustained recovery in the domestic market
The aluminum foil industry in Europe is having a good year, with strong growth in domestic market deliveries. According to data provided by the European Aluminium Foil Association (EAFA), the third quarter of 2024 marked a significant 15 percent increase over the same...
US economy at risk: the consequences of Trump’s proposed tariffs on Canada, Mexico and China
The United States could face a significant increase in costs for metal-related manufacturing if President-elect Donald Trump carries out his plan to introduce tariffs of 25 percent on imports from Canada and Mexico and 10 percent on goods from China. The announcement...