Refractory materials (magnesia-carbon bricks) →Prices ease
RHI MagnesitaRHIM
A construction-driven drop in steel output should reduce demand for magnesia-carbon bricks, and RHI Magnesita carries the largest exposed share at 35%.
67% confidence
Ferrous scrap steel →Prices ease
Steel and iron products
The construction ban cuts demand for steel and iron products, which should soften ferrous scrap steel prices and lower input costs for downstream steel producers.
67% confidence
Fly Ash & Slag (SCMs) →Prices ease
NTPC LimitedNTPC.NS
NTPC is a meaningful fly-ash supplier (8% share), so weaker construction demand should pressure off-take and pricing for its SCM output.
65% confidence
Refractory materials (magnesia-carbon bricks) →Prices ease
Vesuvius plc
Lower downstream steel activity should pressure refractory sales for Vesuvius, though its exposed share is only 8%.
60% confidence
Refractory materials (magnesia-carbon bricks) →Prices ease
Krosaki Harima Corporation
Krosaki Harima is another supplier of this steelmaking input, and the construction slowdown should trim demand for its 7% share of supply.
59% confidence
Metallurgical (coking) coal →Prices ease
Australia
Australia's large share of coking-coal supply makes it the clearest country-level loser if weaker steel demand trims coking-coal prices.
58% confidence
Metallurgical (coking) coal →Prices ease
GlencoreGLEN.L
The construction ban lowers steel-and-iron demand, which can weaken coking-coal offtake and realized prices for a major supplier like Glencore.
57% confidence
Limestone (Cement Grade) →Prices ease
India
Delhi-NCR's construction ban should trim Indian cement-grade limestone offtake, softening prices for India's 9% supply share.
56% confidence
Metallurgical (coking) coal →Prices ease
BHP GroupBHP
Reduced construction activity can ripple into softer steel demand, modestly pressuring coking-coal prices and revenue for BHP as a significant supplier.
56% confidence
Manganese ore →Stands to benefit
Steel and iron products
Lower manganese ore demand from the construction slowdown should ease this critical steel input, giving steel and iron products a modest cost advantage.
56% confidence
Fly Ash & Slag (SCMs) →Prices ease
India
India accounts for a 15% supply share of this input, so a Delhi-NCR construction slowdown should soften domestic fly ash and slag prices and revenues.
55% confidence
Petroleum Coke (Fuel Grade) →Prices ease
United States
A temporary drop in petroleum coke demand can soften prices for the largest supply source, and the United States accounts for 40% of supply.
42% confidence
Petroleum Coke (Fuel Grade) →Prices ease
ExxonMobilXOM
As a 9% supplier, ExxonMobil would face some price pressure if cement demand weakens and petroleum coke off-take falls.
39% confidence
Petroleum Coke (Fuel Grade) →Prices ease
Saudi Arabia
The same demand softening can also pressure another major petroleum coke source with a 12% supply share.
36% confidence
Gypsum (Natural & Synthetic FGD) →Prices ease
Mexico
A temporary construction demand drop weakens gypsum sales, so the largest supplying country faces modest price and revenue pressure.
34% confidence
Gypsum (Natural & Synthetic FGD) →Prices ease
Knauf Group
Lower gypsum demand from curtailed construction trims orders for a major gypsum supplier, creating slight downward price pressure.
31% confidence
Iron ore (direct shipping ore & pellets) →Prices ease
India
A temporary Delhi-NCR construction freeze can slightly soften domestic steel demand and, by extension, Indian iron ore prices, but the effect is small and indirect.
28% confidence
