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Japan's Reuters Tankan Manufacturing Sentiment Index for September came in at 21, down from 18 in the previous month.

2026-09-09

Japan's Reuters Tankan Manufacturing Sentiment Index for September came in at 21, down from 18 in the previous month.

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2026-09-09

The UK Maritime Trade Organization reports that the vessel was affected by ongoing military activities in the region.

The UK Maritime Trade Organization reports that the vessel was affected by ongoing military activities in the region.
2026-09-09

Deutsche Bank's European steel research team points out that global hot-rolled coil prices are diverging significantly. US hot-rolled coil spot prices have reached $1330-1345/ton, up $336 or 34% year-to-date; German and Italian prices are $850-860 an

Deutsche Bank's European steel research team points out that global hot-rolled coil prices are diverging significantly. US hot-rolled coil spot prices have reached $1330-1345/ton, up $336 or 34% year-to-date; German and Italian prices are $850-860 and $845-855 respectively; Chinese export prices are only $495-510, with US prices approximately 2.6 times higher than Chinese prices. Even including transportation costs and the 50% US Section 232 tariff, the parity price for Chinese hot-rolled coil entering the US is only $900-920/ton, still about $410 lower than the US spot price. US steel mills, leveraging import barriers, longer delivery cycles, and pricing discipline, have maintained the BOF and EAF profit margin spread at $774 and $782/ton respectively. European demand remains weak, but since the implementation of new safeguard measures in July, Nordic hot-rolled coil prices have cumulatively increased by €65/ton, and will receive further support from CBAM. Deutsche Bank believes that trade policies are helping European and American markets isolate low-priced Chinese steel, and steel pricing is gradually shifting from global linkage to regional segmentation.
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