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29 Mar
19:52

Suez Canal reopens after container ship freed

The “Ever Given” container ship blocking passage through the Suez Canal has been freed and the critical waterway reopened for traffic transporting freight between Europe and Asia. Given the blockage lasted for less than a week, the overall impact on steel and raw materials trade should be limited. Sources had fretted in recent days over a how a potentially longer disruption could cause delays in shipments and increased shipping costs in an already tigh…
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