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The Economic Times

Economy / The Economic Times

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Middle East crisis may drive up steel costs as oil, freight surge: BigMint

The global steel industry, including India, faces rising costs. Escalating Middle East tensions are pushing up fuel and freight rates. Crude oil and LNG prices are climbing, directly impacting steel commodity markets. This situation is expected to lead to sustained input cost inflation for steelmakers.

8 Mar 2026 11:42 am