10
Nov
00:00
Oil price declines could hurt GCC infrastructure growth: S&P
Oil price declines could limit Gulf Cooperation Council economic growth and weaken the regional infrastructure sector, a significant consumer of steel, according to rating agency Standard & Poor’s (S&P).
S&P expects Brent Crude oil to level off at $85/barrel for the remainder of 2014 and $90/barrel in 2015. “The lower oil price could slow economic growth for the GCC and weaken the operating environment for the corporate and infrastruc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous