Insight
Middle East Scenarios: Steel and Iron Ore
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The escalation of conflict in the Middle East introduces a new layer of geopolitical risk to global steel and iron ore markets via higher costs, disrupted trade flows and weaker demand confidence. This report examines how different conflict durations, from a short‑lived disruption to a prolonged escalation, could shape steel production, trade flows and iron ore demand globally. Covering first‑order impacts in Iran and the Middle East alongside second‑order effects across China, India, Europe and the US, the analysis also explores the implications for iron ore trade, costs and pricing.
Table of contents
- Steel: Supply disruption, demand headwinds
- Iron ore: Higher cost floor, capped upside
- Iron ore price outlook: Range‑bound with downside support
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Analysis of China steel margins - September 2026
China's steel margins are being squeezed by rising coal and coke costs.
$1,050
Insight
Value-in-use iron ore costs Q3 2026
Q3 2026 iron ore value-in-use adjusted costs are up 1.3% compared to last quarter, and margins are below 40% in Q3 2026.
$5,000
Insight
India's National Steel Policy (NSP) Vision 2047
Can India achieve its 2047 steel ambitions? Wood Mackenzie assesses demand, capacity, raw materials and key risks.
$1,050
