Shake-up in Global Steel
The world of steel trade is in for a shake-up. New climate rules in Europe, the prospect of ramped-up U.S. tariffs on steel and an excess of Chinese steel imports mean companies around the world must calibrate their trade strategies in 2024.
With the U.S. locked in protectionism and the…
China’s electric car export boom has fueled demand in the country for automobile transport ships, driving up prices for foreign buyers.
Overall, in March, Chinese ship exports fell 5.9% year-on-year by quantity in March to 399, after steadily rising for most of this decade. By value, they increased 34% to $3.1 billion. So called Roll-on/roll-off,…
Don’t let anybody tell you that globalization is dying—at least, not yet.
Global trade economists obsess over consumer demand and rising protectionism in the U.S. and Europe, but this week’s release of Chinese trade statistics shows that other markets might soon be catching up in relevance.
The Promise of Other Markets
China’s exports to Latin…
In the somewhat gloomy December and annual China trade statistics released in the second week of January was buried a piece of data that hearkened back to the boom years of Chinese commodity consumption: China is buying a lot more iron ore and copper.
In December, China boosted iron ore imports 11.1% year-on-year to 100.9…