INTERVIEW: Hormuz closure reshapes GCC steel trade as freight, delivery risks surge: SteelGiant CEO

The blockade of the Strait of Hormuz has forced a costly reworking of steel trade flows into the Gulf Cooperation Council nations, sharply widening the gap between FOB China prices and delivered costs in the region, Thaiseer D. Jaffar, CEO of SteelGiant Commodities, said in an interview with Platts May 25. Jaffar said the impact is best measured through hot-rolled coil because the GCC remainsThe blockade of the Strait of Hormuz has forced a costly reworking of steel trade flows into the Gulf Cooperation Council nations, sharply widening the gap between FOB China prices and delivered costs in the region, Thaiseer D. Jaffar, CEO of SteelGiant Commodities, said in an interview with Platts May 25. Jaffar said the impact is best measured through hot-rolled coil because the GCC remainsRead More