SMM Hotspot: The Red Sea situation continues to deteriorate. What impact does this have on the black metal industry? Since mid-November, Houthi rebels have expanded their attacks on Israeli targets, striking "ships related to Israel" in the Red Sea and escalating the threats. Several cargo ships have been attacked in the Red Sea, the Strait of Hormuz, and nearby waters. In mid-December, global shipping giants such as Mediterranean Shipping Company (MSC), Maersk, CMA CGM, Hapag-Lloyd, and oil companies such as BP and Equinor have announced the suspension of services in the Red Sea...
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