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22 Apr
15:24

MENA’s March output grows , shrinks versus 2021

Iran, Saudi Arabia, the United Arab Emirates and Qatar's combined crude steel production slumped 3.5% on-year but surged 7.6% on-month in March 2022 to 3.45 million tonnes. On a monthly and three-month basis, Saudi Arabia leads the growth in the Gulf region, followed by Qatar, according to the latest world steel data. The monthly growth was due to panic in the markets in each of these countries, fuelled by the Russian invasion of …
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