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Global freight markets have been plunged into further chaos this week with the continuing blockage of the Suez Canal now accompanied by rumors of fresh freight rate hikes around the world, sources told Fastmarkets.
A green-tinged recovery from Covid-19 sees readjustment in iron ore price dynamics.
Fastmarkets launches a weekly price assessment for domestic steel hot-rolled coil in Spain from today, Wednesday March 24.
Turkish steel mills remained absent from the deep-sea scrap import market on Wednesday March 24, due to the slump in the value of the lira and weak steel demand, market participants told Fastmarkets.
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