In this episode, Argus analysts examine the implications of Iran‑related geopolitical tensions for ferrous metals markets. The discussion focuses on how regional developments could influence steel production, raw material flows and trade dynamics, with attention to semi-finished prices, which have risen sharply.The podcast places Iran within the wider Middle East and global steel ecosystem, helping market participants understand where exposure may emerge and which parts of the ferrous value chain are most sensitive to disruption. Key points coveredIran’s role in regional and global ferrous metals and steel supply chainsPotential impacts of strikes on Iran plants on production and exportsRisks to raw material availability, logistics, trade flows and energy pricesImplications for regional and international steel pricingWhat steel producers, traders and consumers should monitor going forward