Soaring freight costs leaves Asian ferrous trade in disarray

High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.

Bulk freight rates have increased since the start of the year, underpinned by expensive oil and a lack of available vessels in major global markets, such as China.



Lee Allen

Paul Lim

Alex Theo

March 10, 2021

13:02 GMT