Tag: Strait of Hormuz shipping risks
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Weekly round-up: Asian billet prices climb as Iranian supply halts; Turkish mills hold scrap purchases
Middle East tensions disrupt billet flows and lift freight costs Chinese billet offers rise as Southeast Asia turns to alternative supply Turkish mills postpone scrap bookings amid weak rebar demand Rising geopolitical tensions in the Middle East are driving global steel billet trade flows, with disruptions around the Strait of Hormuz increasing freight costs and…