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Baltimore bridge wreckage removal underway

  • Spanish Market: Agriculture, Coal, Fertilizers, Freight, Metals
  • 01/04/24

Demolition crews started to cut apart sections of the collapsed Francis Scott Key Bridge at the Port of Baltimore, Maryland, over the weekend as part of efforts to reopen the blocked waterway.

The north section of the bridge is being cut into smaller sections that can be removed by mounted cranes, according to the federal Unified Command handling the accident response. Once those sections are removed, other equipment will be able to move in closer to the containership Dali, which struck the bridge early on 26 March when it lost power. The deadly collision caused the bridge to collapse. A roughly 4,000-ton section of the bridge rests on top of the ship and will need to be removed before the vessel can be cleared.

There is no official timetable for the reopening of the port, but some observers say it will likely take many weeks or even months. Rebuilding the Interstate 695 highway bridge over the Patapsco River could take several years.

The US Department of Transportation has pledged to provide $60mn for debris removal and reconstruction of the bridge, Maryland governor Wes Moore said in a press conference last week.

Baltimore is the largest vehicle import site in the US and is a major export location for coal. Automakers are adjusting their supply routes to account for what will likely be a lengthy closure, while coal exporters are expected to shift to terminals south in Hampton Roads, Virginia. Freight rates for ships that carry coal could see increases in global markets.

Other commodities like asphalt and caustic soda that move through the port will see challenges, while organic agriculture imports may see fewer problems because of seasonal flows.

Pressure in a natural gas transmission line that runs along the harbor floor next to the bridge has been reduced, according to the Unified Command, which is also working with Baltimore Gas and Electric to make the pipeline inert.


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10/07/25

UK Steel seeks stricter post-safeguard mechanism

UK Steel seeks stricter post-safeguard mechanism

London, 10 July (Argus) — UK Steel is developing a proposal for the department of business and trade in response to European mill lobby Eurofer requesting a 50pc cut in import quotas from January 2026. Eurofer has also asked for a 50pc tariff from January, suggesting 25pc is not sufficiently high to deter some imports. Traders and buyers in the UK are starting to wake up to the threat of a new stricter mechanism as early as January 2026, despite the current mechanism not lapsing until June next year. Some sources think UK Steel will seek a cut in volumes and increase in tariffs in line with Eurofer's request to the European Commission. In recent quota reviews, UK Steel's requests have largely been in line with those made by Eurofer. Eurofer has also asked for no exceptions for developing countries in the new regime. There has been a clear uptick in offered HRC volumes into the UK from some exporters that were targeted in recent EU dumping cases. Some exporters that sell slab to Tata Steel, currently a re-roller and the largest importer in the UK, are using the larger volumes to secure cheaper freight rates into the UK for strip products. UK Steel director, trade and economics policy, Peter Brennan, told Argus the new UK mechanism "must go further than the existing quota system", suggesting imports account for 70pc of UK steel supply, way above their market share in the EU. The EU does have much more of its own steel and ironmaking capacity, and some grades and sizes are unavailable domestically in the UK. Separately, it is still not clear what safeguard duties importers of Korean and Vietnamese hot-dip galvanised will have to pay after the government imposed a 15pc cap on the other countries' quota just four business days before the quarterly quota reset. Importers expect to pay at least £90/t ($121/t) on Korean HDG, but the HM Revenue & Customs (HMRC) portal currently shows the quota as suspended until today. HMRC told Argus it was "working on some calculation issues which has prevented the quotas from processing partial claims". By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Workers strike at Australian coal mine: Correction


10/07/25
10/07/25

Workers strike at Australian coal mine: Correction

Corrects mine lock-out start date in paragraph 3 Sydney, 10 July (Argus) — Mining and Energy Union (MEU) workers at US producer Peabody Energy's Metropolitan mine in New South Wales are striking over an ongoing pay dispute, halting production until 5pm AEST (7am GMT) on 10 July. MEU launched a five-hour stoppage at 5pm on 9 July, before extending it to 12 hours. The unionised workers launched another 12-hour strike early on 10 July, the union told Argus on the same day. Peabody locked miners out of the mixed thermal, hard coking, and pulverised coal injection (PCI) mine from 18 June until 5:30pm on 9 July, without pay, over an increasingly acrimonious employment negotiation. MEU and Peabody negotiators are at odds over the use of contractors at Metropolitan, among other issues. They met for Fair Work Commission-led mediation during the lock-out on 8 July. Metropolitan Coal remains fully committed to ongoing good faith negotiations with the union, a Peabody spokesperson told Argus on 10 July. The MEU's latest strike comes a day after unionised workers at global producer Glencore's 20mn t/yr Ulan thermal coal mine launched a day-long strike, targeting some underground operations at the complex. The Ulan strike is set to end on 10 July. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US' Peabody extends coal mine lock-out: Correction


10/07/25
10/07/25

US' Peabody extends coal mine lock-out: Correction

Corrects mine lock-out start date in paragraph 3 Sydney, 10 July (Argus) — US coal producer Peabody Energy has extended a lock-out of workers at its Australian Metropolitan mine until late on 9 July, because of a continuing dispute with the Mining and Energy Union (MEU). MEU workers will remain barred from entering the mixed thermal, pulverised coal injection (PCI), and hard coking coal mine — which produced 1.8mn t of coal in 2024 — without pay until 9 July, the union and company confirmed on 7 July. Peabody's lock-out began on 18 June and was scheduled to end on 6 July . The company ended the action early on 3 July, but then reintroduced and extended it late on 4 July because of partial work bans. The MEU can launch an unlimited number of work stoppages and limited work bans at Metropolitan, based on a 7 June strike authorisation. The MEU and Peabody remain at odds over the use of contractors at the mine, among other issues. The two groups are scheduled to engage in a Fair Work Commission (FWC) mediation on 8 July. They have already had two FWC mediations over the dispute, said Peabody's vice-president of underground operations Mike Carter on 7 July. Peabody has also met with employees more than 10 times, he added. Metropolitan Coal remains fully committed to ongoing good faith negotiations with its workers, a Peabody spokesperson said on 7 July. MEU workers will rally outside the site early on 8 July, joined by other labour unions. The labour dispute at Metropolitan follows a series of strikes at Peabody Energy's 12mn t/yr Wilpinjong thermal coal mine in February, over a different contract negotiation. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US’ 50pc Cu levy unlikely to dent Japan’s metal output


10/07/25
10/07/25

US’ 50pc Cu levy unlikely to dent Japan’s metal output

Tokyo, 10 July (Argus) — The US' sweeping 50pc tariff on copper imports effective from 1 August is expected to have minimal impact on Japanese metal producers given limited shipments to the US market. The impact of the blanket 50pc tariff by the US government will be negligible, a domestic electric copper producer told Argus on 10 July, because the company primarily supplies copper products to Asian nations. There are virtually no shipments to the US market, it added. The company's selling prices are likely to remain stable given that most purchase agreements are locked in through term contracts, the firm said. The company has not yet received unexpected windfall orders following the White House's announcement of the tariff hikes. Another Japanese metal producer echoed this sentiment, saying that the US' tariff measure is unlikely to hit its operations given limited deliveries to the country. The firm owns stakes in a South American copper mine project but its copper offtake from the mine is not destined for the US market, reinforcing the limited direct impact from the tariffs. But the company expressed concerns over potential broader implications, citing uncertainty around Washington's definition of "copper products". The impact could be larger if the US government plans to enforce tariffs on a wider range of copper-based products. The producer's concern also lingers over potential indirect impacts from possible disruptions in the metal supply chain. The company ships processed copper products to Asian nations for further manufacturing in the region, but some of the final products are partly exported to the US market. The company could face challenges if these end-products fall under the new tariff, it added. Japan produced around 1.6mn t of copper ingot in 2024, up by 4.9pc from a year earlier, according to the industry group Japan Mining Industry Association and the Japan Mining Promotive Foundation. Around half of total domestic output is exported, with the majority going to Asian markets, according to a market participant. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Trump threatens 50pc Brazil tariff: Update


09/07/25
09/07/25

Trump threatens 50pc Brazil tariff: Update

Updates with comments from Brazil's vice president Washington, 9 July (Argus) — US president Donald Trump is threatening to impose a 50pc tariff on imports from Brazil from 1 August, citing the ongoing trial of that country's former president, Jair Bolsonaro. Trump's letter to Brazil's president Luiz Inacio Lula da Silva, released on Wednesday, is one of the 22 that the US leader sent to his foreign counterparts since 7 July, announcing new tariff rates that the US will be charging on imports from those countries. But his letter to Brazil stands out for allegations of a "witch hunt" against Bolsonaro, who — much like Trump — disputed his electoral defeat and attempted to stay in office. Brazil's supreme court qualified Bolsonaro's actions in 2022 as an attempted coup, ordering him to stand trial. Trump said he will impose the 50pc tariff because "in part to Brazil's insidious attacks on Free Elections and the Fundamental Free Speech Rights of Americans". The latter is a reference to orders by judges in Brazil to suspend social media accounts for spreading "misinformation". Trump separately said he would direct US trade authorities to launch an investigation of Brazil's treatment of US social media platforms — an action likely to result in additional tariffs. Trump's letter to Lula also contains language similar to that included in letters sent to 21 other foreign leaders, accusing Brazil of unfair trade practices and suggesting that the only way to avoid payments of tariffs is if Brazilian companies "decide to build or manufacture product within the US". The Trump administration since 5 April has been charging a 10pc extra "Liberation Day" tariff on most imports — energy commodities and critical minerals are exceptions — from Brazil and nearly every foreign trade partner. Trump on 9 April imposed even higher tariffs on key trading partners, only to delay them the same day until 9 July. On 7 July, Trump signed an executive order further delaying the implementation of higher rates until 12:01am ET (04:01 GMT) on 1 August. Trump earlier this week threatened to impose 10pc tariffs on any country cooperating with the Brics group, which includes Brazil, China, Russia, India and South Africa. Lula hosted a Brics summit in Rio de Janeiro on 6-7 July. Brazil vice president Geraldo Alckmin, speaking to reporters before Trump made public his letter to Lula, said: "I see no reason (for the US) to increase tariffs on Brazil." The US runs a trade surplus with Brazil, Alckmin said, adding that "the measure is unjust and will harm America's economy". Trump has justified his "Liberation Day" tariffs by the need to cut the US trade deficit, but the punitive duties also affect imports from countries with which the US has a trade surplus. By Haik Gugarats and Constance Malleret Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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