Spike in freight rates amid global tensions big challenge for steel sector: Tata Steel official
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Spike in freight rates amid global tensions big challenge for steel sector: Tata Steel official
RANCHI, May 21: A 28-30 per cent surge in global freight costs amid geopolitical tensions, including the escalating West Asia situation, is emerging as the biggest challenge for India’s steel industry, even as domestic operations and raw material supplies remain largely stable, a senior Tata Steel official said. The sharp rise in shipping rates, triggered by instability in West Asia and the prolonged Russia-Ukraine conflict, is significantly in…
Spike in freight rates amid global tensions big challenge for steel sector: Tata Steel official
Ranchi, May 21 (PTI) A 28-30 per cent surge in global freight costs amid geopolitical tensions, including the escalating West Asia situation, is emerging as the biggest challenge for India’s steel industry, even as domestic operations and raw material supplies remain largely stable, a senior Tata Steel official said.The sharp rise in shipping rates, triggered by instability in West Asia and the prolonged Russia-Ukraine conflict, is significantly…
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