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13 Sep
17:24

Exports not solution for GCC steel, say panellists

The executives of major Middle East and North Africa iron and steel producing companies conceded on Tuesday that exporting cannot be the solution for the region's low per capita steel consumption. Ahmed Ezz, founder and chairman of Egypt's Ezz Steel, cited restrictive protectionism globally and suggested MENA countries should cooperate more in the development of local manufacturing industries to stimulate consumption. Per capita steel consumption in the re…
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