Metal markets suffer shipment delays, price volatility amid freight crisis in Red Sea

Lead times and freight rates on shipments of seaborne metal commodities have continued to rise amid the current Red Sea shipping crisis, market sources told Fastmarkets on Thursday January 4.

Many market participants have entered the New Year facing higher prices for metal on a cost, insurance and freight (CIF) basis while also having to deal with skewed delivery schedules...

Published

Lee Allen

Justin Yang

Declan Conway

Jon Stibbs

Julia Bolotova

Imogen Dudman

Alexander Cook

Callum Perry

January 04, 2024

21:01 GMT

Brussels, Galway, London