Bangladesh’s textile industry is on the brink of a nationwide shutdown as domestic spinning mill owners warn that operations across the country may halt from February 1. The warning comes amid growing anger over duty-free yarn imports, largely sourced from India, which millers say have flooded the local market and…
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China Halts New BHP Iron Ore Cargoes Amid Pricing Dispute
China has ordered domestic steelmakers and traders to halt new purchases of iron ore cargoes from BHP Group, one of the world’s largest mining companies. The directive, issued by the state-run China Mineral Resources Group (CMRG), comes amid an escalating pricing dispute between Beijing and the Australian mining giant. China’s…