Mauritius Budget 2025 marks a turning point for the country as it tackles high public debt, inflation, and slow economic recovery.With the theme “From Abyss to Prosperity,” the budget sets bold goals around innovation, social equity, and fiscal consolidation.It responds to growing domestic pressures and global economic uncertainty while aiming to rebuild confidence across key […]

Weekly Steel Market Overview: Key Drivers and Policy Developments Weekly Steel Market developments took center stage this week as global pricing, trade tensions, and legal battles over US tariffs dominated headlines. From Taiwan’s sharp rise in section steel prices to President Trump’s decision to double tariffs on imported steel and aluminium, the market reacted with

Weekly Steel Market Trends: Output Declines & Trade Shifts Weekly Steel Market dynamics shifted again as falling April output met volatile trade flows and fresh tariff threats.Global crude steel production slid in April, India turned net importer, and stainless inventories stayed stubbornly high. Raw-material prices held steady, yet demand signals stayed weak, keeping most benchmarks

Weekly Steel Market Pulse: Momentum Rebounds Across Flat and Long Products Weekly Steel Market momentum returned to the metals complex this week, with almost every flat- and long-product benchmark posting healthy gains. Iron-ore’s futures-driven rally, coupled with renewed mill restocking in China, set a bullish tone that filtered through billets, wire rod and rebar. Hot-

US Tariff Developments – Geneva Talks Signal Trade Reset In early May 2025, U.S. President Trump and Chinese President Xi Jinping met in Geneva to address escalating trade tensions and initiate critical US tariff developments. The discussions resulted in a series of impactful changes, including a 90-day tariff pause, potential tariff reductions, and renewed economic

Weekly Steel Market Insights – Key Price Movements & Trends The weekly steel market report for the week ending 9 May 2025 reveals a blend of gains and losses as steel price trends, tariff updates, and supply chain adjustments shaped steel and metal market movements globally. From iron ore to aluminium, markets responded to both

Weekly Steel Market -Price Stability Amid Tariff Turmoil This week’s weekly steel market analysis captures a moment of fragile stability overshadowed by deepening uncertainty. Labour Day shutdowns across key markets (China, EU, LME) kept mid-week activity low. ( Fastmarket) While prices for flat products like HRC, CRC, and HDGI remained stable, raw material movements—particularly iron

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,