Tag: brent crude impact on steel
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Iran conflict lifts energy and freight costs, to tighten steel market in India
Extended disruption in Hormuz could add 15-25% to freight costs Iran exported around 25 mnt of iron ore, over 12 mnt of steel, semis in CY’25 The conflict involving Iran, the United States, Israel, and the GCC countries has injected a clear geopolitical risk premium into global energy and shipping markets. Crude oil, LNG, and…