24
Nov
12:36
MENA's October steel output slumps but UAE grows
Iran, Saudi Arabia, United Arab Emirates, and Qatar combined crude steel output shrank 12.7% on-year in October to 3.21 million tonnes, according to the latest worldsteel data. This was driven mainly by Iran's 15.4% and Saudi Arabia’s 12.2% production slumps.
The decline could be interpreted as being a result of slow steel markets in each of these countries, with the exception of UAE’s growth, while electricity outages in Iran caused…
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Anonymous
Very good overview of the weekly steel market.
Anonymous