Steel freight soared after Wuxi bridge accident

Published: Oct 14, 2019 08:28

Save

Jiangsu province launched a campaign to rectify overloaded vehicles

SHANGHAI, Oct 14 (SMM) – The cost for steel transport in the city of Wuxi, Jiangsu province rose sharply after a highway bridge collapsed on Thursday October 10, killing three people and injuring two. Transpoort cost was heard to be tripled after the accident, SMM learned.

The accident in Wuxi was caused by a truck which was heavily overloaded with steel coils,and that prompted Wuxi to launch a campaign to rectify overloaded vehicles across the region.

Wuxi is the largest stainless steel distribution centre in east China.

Steel Jiangsu

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

China's Secondary Aluminum Alloy Ingot Inventory Drops by 94 mt to 31,300 mt

[SMM Aluminum News Flash] Today, the inventory of secondary aluminum alloy ingots in China's major consumption areas decreased by 94 mt from the previous trading day to 31,300 mt.

1 min ago

20 hours ago

China's Cast Aluminum Alloy Ingots Inventory Rises for 6th Week Amid Off-Season Demand Slump

[SMM Aluminum News Flash] According to SMM statistics, as of Thursday this week, the social inventory of cast aluminum alloy ingots in China's major consumption areas stood at 60,700 mt, an increase of 2,100 mt WoW. Against the backdrop of the off-season for demand, inventory buildup has continued for six consecutive weeks.

20 hours ago

22 hours ago

Tight Supply Overlaid with Liquidity Tightening Expectations, SHFE Tin Contract Consolidates at Highs in Stagnant Trading [SMM Tin Midday Review]

[SMM Tin Midday Review: Tight Supply Conditions Combined with Expectations of Tightening Liquidity, SHFE Tin Contracts Consolidate at Highs in Stagnant Trading]

22 hours ago