23
Feb
00:00
Kuwait maintains its big spend on steel-consuming projects, despite lower oil prices
Kuwaiti state capital spending continues to witness healthy gains this fiscal year, which runs through March, with signs that the pace of spending is on the rise. This is despite a decline in oil revenues due to the slump in prices of the so-called 'black gold', according to a report by the investment arm of NBK bank.
This will be good news for local steelmakers KWT Steel and Al-Oula Steel, as well as Kuwait Pipe Industries and Oil Services Company &…
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Anonymous
Very good overview of the weekly steel market.
Anonymous