Cosco Shipping $1919.HK, a major operator of Chinese ports, issued a statement on Monday addressing recent US accusations and measures targeting China’s shipbuilding and logistics sectors. The state-owned conglomerate asserted that these actions disrupt fair competition and impede the smooth functioning of the global maritime industry. This development comes amid intensifying economic tensions, underlining concerns over one-sided policies and their broader implications for international trade.

American steel producer Nucor Corp $NUE has published its financial results for the fourth quarter, which fell short of expectations. The decline in revenue and profit is attributed to falling steel prices and related products, reflecting the broader challenges faced by the global steel market. The market saturation, due to both high domestic production and increased imports, continues to pose difficulties for industry players.