The United States imported 2.99 million net tons of steel in August, an 8.5 percent month-over-month decline, driven down by lower volumes from Brazil and South Korea from a month prior.
Bernie Sanders, D-Vt., said he will fight the trade deal in the Senate, but Sen. Elizabeth Warren, D-Mass., hinted the deal could fly in 2017 if controversial language giving corporations the right to challenge a nation's regulations is removed.
The association has called on the U.S. Customs and Border Protection to promulgate rules that require importers of low value goods to bear the same data requirements as shippers of goods over the de minimis level.
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The shipping industry is being roiled by Hanjin’s decision to file receivership, with spot rates surging, cargo being stranded on vessels, and now lawsuits are being filed by shipowners.
Following Hanjin Shipping filing for receivership, Hyundai Merchant Marine will start up two new services, one between Korea and the U.S. and one between Korea and Europe.
The South Korean carrier said certain providers have been charging its customers more than what it would have charged to transport cargo and has tried to intervene, taking its concern up with the Federal Maritime Commission.