A growing wave of Chinese suppliers are taking to TikTok to share behind-the-scenes footage of products they manufacture for global brands. This trend, dubbed “FactoryTok,” has gained momentum in the wake of tariffs imposed by US President Donald Trump and highlights the stark difference between production costs and high-end retail prices. Leading this movement is […]
Vestiaire Collective, a luxury resale marketplace, has introduced a new ranking algorithm that calculates a product’s value using sales, five-year resale value growth, goods sold, likes, searches, and price offers. The study examines the brands, pieces, and main trends driving the resale market for the season using historical data and proprietary algorithms. Aiming to aid […]
India has plans to impose a new temporary tariff of 12% on steel imports, locally called the safeguard duties, intending to control the increase in cheap imports from China and elsewhere. One of the sources told Reuters on Monday that the government is set to enact the tax as soon as possible. Last month, as […]
Thailand’s Industry Ministry is moving to phase out certification [1] for steel produced using Induction Furnace (IF) technology, citing persistent concerns over quality control and environmental impact. The decision follows investigations revealing that IF steel often falls short of industry standards, raising alarms among regulators and prompting government intervention. Industry Minister Akanat Promphan announced that […]
Hyundai Motor Group and Posco Group have strengthened their collaboration [1], signing a memorandum of understanding on Monday to deepen cooperation in steelmaking and secondary battery materials. The move comes as both South Korean conglomerates seek to navigate shifting trade dynamics in response to rising U.S. tariffs on steel and automobiles. The agreement was formalized […]
