22
Dec
10:51
Sabic sees Saudi steel demand growth slowing
Saudi Arabian steelmakers have been hit by lower demand owing to reduced government spending on infrastructure and construction, cheap imports, and raw material/steel price volatility, according to Sabic investment planning manager Zohair Al-Zawad.
“We have a shrinking steel market, especially when the government is reducing its spending on major infrastructure and construction projects because of the oil prices,” Al-Zawad said at a Dubai conference …
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Anonymous
Very good overview of the weekly steel market.
Anonymous