15
Jul
01:00
Iran deal could delay oil price recovery, GCC steel consumption
Additional oil volumes in 2016 as a result of Iran’s return to the global market will delay the oil price recovery. Nevertheless, prices will improve as demand grows and cuts in investment since the price collapsed show through in areas other than US shale, according to credit rating agency Fitch.
The slower oil recovery is likely to mean a prolonged period of restricted spending by Gulf Cooperation Council governments on steel-consuming construction a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous