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Rising gas costs, scrap prices squeeze India's steel value chain - A 360-degree view

Source: BigMint Mar 20, 2026 09:00

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Higher LPG and processing costs disrupt scrap flows, squeeze secondary steel margins. Hormuz-linked freight and supply disruptions tighten raw material availability

Rising gas costs and tightening scrap availability are squeezing India's secondary steel value chain, as the impact of Middle East tensions moves beyond energy markets into physical raw material flows. The escalation in attacks on Gulf energy infrastructure has increased risks across key shipping corridors, disrupting tanker movement and raising

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Price Curve

Daily Prices

Carbon structural plate prices: Changsha

Mar 20, 2026 11:03
400-series stainless CRC prices: Shanghai

Mar 20, 2026 11:03
Galvanized steel prices: Zhengzhou

Mar 20, 2026 11:03
PC steel prices: Hangzhou

Mar 20, 2026 11:03
PC steel prices: Shanghai

Mar 20, 2026 11:03

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