29
Jun
16:46
High oil prices boost Saudi spending: IIF
Saudi Arabian public spending, a part of which goes on steel consuming-infrastructure projects, is set to get a boost from high oil prices, according to the Institute of International Finance (IIF).
“The Saudi authorities are benefitting from additional oil revenue to loosen their fiscal stance following three years of fiscal consolidation,” IIF says in a report sent to Kallanish. After a -1% contraction in 2017 Saudi real gdp growth is pro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous