Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale predicts that global seaborne iron ore demand will reach 1.35 to 1.4 billion tons this year, as future new supply is limited, with prices expected around $50 per ton. Recently, due to declining steel demand in China, spot iron ore prices have fallen below $40, reaching a ten-year low. Despite pressure on global iron ore supply, increasing demand outside of China may offset this. Additionally, the reduction in new supply is one of the key factors.

12/30/2023 Logistics
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Kolkata Port Emerges As Indias Key Eastern Trade Hub

Kolkata Port Emerges As Indias Key Eastern Trade Hub

Kolkata Port, a significant riverine port in eastern India, comprises the Kolkata Dock System (KDS) and Haldia Dock Complex (HDC). Well-equipped with facilities including India's largest dry dock, it primarily exports jute, coal, and ores, while importing oil and steel. Despite navigational challenges, the development of the Haldia Dock Complex has revitalized Kolkata Port, solidifying its role as an economic engine for eastern India. Its strategic location and diverse cargo handling capabilities contribute significantly to the region's trade and industry.

09/29/2025 Port Encyclopedia
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Shandong Energy Laigang Electronics Target Industrial Automation Growth

Shandong Energy Laigang Electronics Target Industrial Automation Growth

Xinfengguang and Laigang Electronics have reached a strategic cooperation agreement to collaborate deeply in industrial automation. The partnership integrates technology and industrial resources to accelerate the upgrading of the smart manufacturing industry. This collaboration represents a significant cross-industry synergy between a power electronics energy-saving control company and a steel smart manufacturing enterprise. It is expected to bring new growth opportunities to Xinfengguang and promote the overall industrial competitiveness of Shandong Province. This collaboration marks a significant step in advancing industrial automation and smart manufacturing.

01/15/2026 Logistics Industry Insights
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US Tariffs Hike Disrupts China Crossborder Ecommerce

US Tariffs Hike Disrupts China Crossborder Ecommerce

The US has initiated or increased tariffs on six categories of Chinese goods imported into the US, with rates generally high, reaching up to 1157.53% in some cases. Affected products include hardwood plywood, softwood plywood, brake drums, low-speed personal transportation vehicles, temporary steel fences, and slag pots. Cross-border e-commerce companies should adopt strategies such as diversifying market layouts, increasing product added value, and ensuring compliant operations to cope with trade risks. These measures are crucial for mitigating the impact of these new tariffs and maintaining competitiveness in the global market.

11/03/2025 Customs Knowledge
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GMS Tackles Supply Chain Disruptions with Inventory Strategy

GMS Tackles Supply Chain Disruptions with Inventory Strategy

Facing challenges in the construction materials supply chain, GMS proactively addresses market demands and extended delivery times by increasing inventory of wallboard and steel, optimizing supply chain management, and implementing lean inventory principles. Their inventory strategy offers valuable lessons for other businesses, emphasizing the importance of supply chain resilience and risk management. By strategically managing inventory levels and streamlining processes, GMS demonstrates a commitment to meeting customer needs amidst supply chain disruptions. This approach highlights the critical role of proactive planning and adaptation in navigating the complexities of the modern construction materials market.

11/03/2025 Logistics Industry Insights
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COSCO SHIPPING Opens New East Chinacentral Asia Trade Route

COSCO SHIPPING Opens New East Chinacentral Asia Trade Route

The successful inaugural run of COSCO SHIPPING's "East China-Wuhan-Andijan" China-Central Asia Railway Express marks the full opening of a new cross-border transportation channel from East China to Central Asia. Leveraging the sea-rail intermodal advantages of Wuhan Port, this train provides a stable and controllable logistics route for the export of bulk commodities such as steel from East and Central China to Central Asia. It supports the opening-up of inland regions by offering a reliable transportation solution to facilitate trade between these areas and Central Asia.

01/15/2026 Logistics
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