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Steel prices have surged since Russia's invasion of Ukraine, slowing new barge construction as builders wait for clarity. Nickel trading on the London Metal Exchange was halted after prices soared.
The article notes Russia and Ukraine are major exporters of steel, wheat, vegetable oil and fertilizer.
Fewer new barges over time could tighten inland river capacity and support freight rates. The near-term grain price effect is indirect, as the steel cost story mainly affects fleet supply.
waterwaysjournal.netWaterways JournalMar 18, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
