Market Overview (Week-on-Week Changes) Product (Basis) Trend Weekly Δ Commentary Source Iron Ore CFR China ▼ -2% Dipped for 2nd week on oversupply and weak mill demand. Reuters, SteelOrbis Scrap HMS 2 CFR Turkey ▼ -1% Turkish mills reduced intake; offers retreated to mid-$340s. SteelOrbis Billet FOB China → 0% Stable around $420–430/t; no fresh […]

The 40% US Tariff on Mauritian Exports: What’s Really at Stake? On April 2, 2025, the United States shook global trade by imposing a steep 40% tariff on imports from Mauritius—quadruple the new baseline rate applied to most countries. Framed as part of an “economic emergency,” this move threatens not just Mauritius’s key export sectors,

Global trade war tensions have escalated sharply following President Trump’s surprise declaration of “Liberation Day” on April 2nd, 2025. In one sweeping move, the U.S. has imposed broad tariffs on nearly all imports, shaking the foundations of international trade and alarming global markets. Table 1.0 Tariff rates time-line With rising fears of retaliation, price hikes,

The advantages of global sourcing in the steel industry are undeniable—cost savings, access to a diverse supplier network, and superior material quality. However, managing international procurement comes with challenges like fluctuating prices, varying quality standards, and complex logistics. Without the right expertise, securing the best deals and ensuring seamless deliveries can quickly become overwhelming. This

The steel industry is the backbone of construction, infrastructure, and manufacturing. If you’re in the steel import business, you know how crucial it is to maintain a resilient supply chain. However, market fluctuations, transportation issues, and geopolitical factors can disrupt your supply chain in an instant. The key to long-term success lies in building a