Slower steel, aluminum flows to Europe on Red Sea troubles add to sector’s woes
January 31, 2024 Comments Off
Attacks on commercial shipping in the Red Sea by Houthi fighters have slowed the flow of steel and aluminum into Europe that normally transit the Suez Canal by 775,000 mt/month, equivalent to 9.3 million mt/year, according to industry data. While there are still no obvious business repercussions, the crisis in the Red Sea has clearly added an extra element of…
Slower steel, aluminum flows to Europe on Red Sea troubles add to sector’s woes
Attacks on commercial shipping in the Red Sea by Houthi fighters have slowed the flow of steel and aluminum into Europe that normally transit the Suez Canal by 775,000 mt/month, equivalent to 9.3 million mt/year, according to industry data. While there are still no obvious business repercussions, the crisis in the Red Sea has clearly added an extra element of…
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