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Chinese steel exporters are pausing fresh offers to Middle East buyers as disruption around the Strait of Hormuz makes it difficult to secure vessels and price shipments. Traders and analysts say shipping through the key corridor has slowed sharply as the Iran conflict escalates, driving freight rates higher and prompting some insurers to withdraw war-risk cover for the region.
The Gulf has become China’s second-largest steel export destination, taking about 16% of shipments last year as trade barriers increased in other markets. But with shipowners reluctant to deploy tonnage near the Persian Gulf and fewer vessels available for loading, exporters say they lack reliable freight guidance—making competitive quotes nearly impossible.
Industry watchers warn that if logistics remain constrained, China’s near-term steel exports to the Middle East could drop, adding supply pressure at home and weighing on domestic steel prices. For Gulf buyers, the immediate impact may be tighter availability and higher landed costs until shipping normalises.
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