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13 Oct

Overloading accident increases freight costs in Jiangsu

An accident in eastern China's Wuxi city in Jiangsu province last week has caused an increase in freight rates in the steel spot market in eastern China, Kallanish notes. On 10 October, a truck carrying more than 100 tonnes of steel coils in excess of weight limits caused a viaduct to collapse in central Wuxi city. Three people died. This has led to an increase in freight costs and, to a certain extent, hit spot market demand last Fr…
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Maryam Wang  |  Shanghai
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