Tag: Strait of Hormuz impact
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Middle East conflict lifts Southeast Asian billet costs; Indian, Chinese materials to fill supply gap
Iran’s semi-finished steel exports may temporarily decline by 40-50% Iran supply gap, logistics risks push SEA importers towards India, China Mysteel: Ongoing turmoil in the Middle East is creating a significant steel billet supply gap and driving up regional shipping and logistics risks, pushing import costs for Southeast Asia higher by more than 20%, according…