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Eastern US Rail Shipments Resume After Hurricane Helene

Some railroad operations in the southeastern United States have restarted following Hurricane Helene's landfall on September 26. Major rail carriers CSX and Norfolk Southern are working diligently to restore service, though delays are expected as storm-damaged tracks are repaired. Significant damage occurred across multiple states, leading to flooding, downed trees, and power outages. Norfolk Southern reported that most major routes are operational but warned of potential 72-hour delays for freight moving through affected areas. CSX noted substantial progress in clearing its network, although some routes remain out of service due to severe flooding and bridge damage.

Iron ore futures extend gains as China outlines stricter steel capacity controls

Copper hits $11,200/t record as supply worries persist; analysts caution rally may cool

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

Rio Tinto says strong Q4 needed to hit iron‑ore target after Q3 shipments of 84.3 mt; China demand firm

ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk