Independent journal on economy and transport policy
13:38 GMT+1
China logistics crunch hits Europe scrap metal exports
(Argus Media)
February 24, 2020
Severe logistical disruption and port congestion in China since the end of January has slashed the global availability of shipping containers, and many European exporters of non-ferrous scrap have warned of more delivery delays and further price increases in Asia-Pacific in the coming months.
“Most logistical supply chains [in China] have been cut. The ports are crazy, the motorways are blocked, and a lot of vessels have been diverted. Ships are not coming back as expected, and there is now a shortage of containers in Europe,” a Europe-based supplier said ...... Read more on Argus Media
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