03
Nov
10:24
Large deposits seen as opportunity for Saudi iron ore production
Increasing demand for steel in Saudi Arabia presents an opportunity for investment into domestic iron ore production that would reduce steelmaking costs and the need for raw materials imports. This is according to Sabic executive vice president for metals Abdulaziz al-Humaid.
Significant iron ore deposits have been located in the Arabian Shield area in western Saudi Arabia, according to the official. However, so far only an Ironside Resources/Juniper Capital Par…
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Anonymous
Very good overview of the weekly steel market.
Anonymous