24
Dec
00:00
Unresolved Iraq turmoil to hamper Al Tanmiya rebar mill performance: bank
The longer than expected easing of political turmoil in Iraq has hampered post-war reconstruction plans and is likely to put pressure on the operations of Basra-based rebar producer Al Tanmiya for Steel Industries, according to investment bank AlJazira Capital.
Increased political uncertainty in Iraq, the decline in oil prices and fall in steel prices due to the Chinese economic slowdown mean Al Tanmiya is unlikely to meet its operational targets in the medi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous