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US-China Trade Tensions: New Tariffs, Diplomacy, and Repercussions on Global Shipping
US Treasury Secretary Scott Bessent is preparing to meet with Chinese Vice Premier He Lifeng this week in Malaysia in an effort to ease trade tensions between Washington and Beijing. The meeting comes just days before the planned Trump-Xi summit in South Korea, which...
US Ferrous Scrap Market Stalls: Weak Demand and High Freight Costs Hinder Exports
The US ferrous scrap export market experienced another week of stagnation until Wednesday, October 22, with very little trading on both coasts. Turkish producers, after completing purchases for November shipments, suspended new transactions, while West Coast exporters...
China’s Base Metal Imports: September 2025 Marks a Strong Recovery for Copper and Nickel
China recorded a mixed but overall positive picture for base metal imports in September 2025, according to the latest data released by Chinese Customs. While refined copper and nickel showed a marked strengthening, bauxite and zinc concentrate continued to support the...
Stainless Steel Scrap Prices Decline in the United States: Weak Demand and Stagnant Activity
The US stainless steel scrap market closed the week ending October 21st with a renewed decline, driven by slowing demand, the approaching holiday season, and limited trading activity. According to Commodity Evolution, prices for 316 solids scrap—one of the most...