22
Dec
00:00
Steel oversupply, low oil prices see GCC producers turn focus to consolidation: report
Increased Chinese steel exports and falling oil prices have forced Gulf Cooperation Council (GCC) producers to shelve previous plans of capacity expansion. Instead they are focusing on industry consolidation and protecting their market position, according to a Middle East Economic Digest (MEED) report.
More than $16 billion of planned steel production projects in the GCC are either currently on hold or have been cancelled, MEED says in the report seen by Kal…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous