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01 Dec
00:00

Oman steel firms seek greater efficiency to offset gas price hike

Omani steel-sector firms will need to cut costs, if they are to compensate for the imminent increase of natural gas tariffs in the country, local market sources tell Kallanish. In a move to cut fuel subsidies, authorities in Oman last year revised  long-term contract tariffs for major gas consumers such as direct reduced iron producer Jindal Shadeed, which has since added an electric arc furnace-based billet plant. Now the increase i…
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