Hormuz Closure Cuts Indian and Bangladeshi Limestone Supply, Boosts Holcim
🏭 HORMUZ — India's steel runs now depend on a strait Tehran controls. 📌 LOOK CLOSER: Two-thirds of globally traded limestone moves through Hormuz — India took half, Bangladesh most of the rest. Closure forces both to cut steel output and pivot to imported cement, a structural windfall for Holcim and European producers. For Modi, it's a new industrial cost stacked on $94 oil, sharpening India's interest in forcing the MOU track to a close.
