28
Sep
11:41
Mid-East output drops again despite continued Iranian growth
Crude steel production in the four Middle Eastern countries covered by worldsteel’s monthly report fell for a fifth consecutive month in August, dropping -9.5% on-year to 3.03 million tonnes, Kallanish notes.
This came despite continued growth in Iran, whose output is estimated to have risen 15% to 2.4mt. This took January-August production up 11.3% on-year to 18.6mt. Iran is ploughing ahead with its plan to reach 55m t/y of installed crude steel capacity by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous