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Trump’s tariffs send shockwaves in steel sector: US-imposed tariffs of 50% on stainless steel have prompted one third of companies to pause or delay their orders, whereas more than half are reconsidering their sourcing, Reuters reports, citing a survey by Finnish steelmaker Outokumpu. The headwinds were complicated by the US decision in August to expand the scope of its levies on steel and aluminum to cover more than 400 consumer products, creating further uncertainties that are slowing demand in the market. Still, long-term market prospects remain solid, largely driven by the growing defense industry, Outokumpu President and CEO Kati ter Horst told Reuters.

French Logistics giant CMA CGM has signed up to acquire the UK operations of rail freight operator Freightliner Group, according to a statement. The acquisition — still subject to regulatory approval — is expected to wrap up by early 2026. The transaction value was not disclosed.

The new arrangement: The transaction will see CMA CGM take ownership of Freightliner’s brand, its UK rail and road operations, and inland terminals, whereas Freightliner will remain a standalone operator backed by CMA CGM’s global coverage. Other Freightliner subsidiaries, including Heavy Haul, Rotterdam Rail Feeding, and Freightliner Poland/Germany, are not included in the sale.

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