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Middle East conflict impact on global steel cost
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Report summary
Escalating Middle East conflict threatens global steelmaking costs through energy volatility and supply chain disruption. While traditional steel producers face ~2% cost increases, gas-based DRI-EAF steelmakers critical to green steel transition could see 4-5% cost spikes. The conflict threatens the Middle East's emerging role as a DRI export hub and exposes the vulnerability of decarbonization pathways to geopolitical turbulence.
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