Slower steel, aluminum flows to Europe on Red Sea troubles add to sector’s woes

Capt. John

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,...

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/013124-slower-steel-aluminum-flows-to-europe-on-red-sea-troubles-add-to-sectors-woes

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