28
May
13:58
Mid-East output inches up despite UAE, Qatar declines
Crude steel production in the four Middle Eastern countries covered by worldsteel’s monthly report inched up 1.5% on-year in April to 3.11 million tonnes, Kallanish notes.
This came as United Arab Emirates, where almost 90% of output is accounted for by Emirates Steel (ESI), saw production fall -2.5% to 269,000t, although January-April production was still up 6.6% on-year to 1.07mt. ESI recently maintained its previous month’s rebar price for June de…
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Anonymous
Very good overview of the weekly steel market.
Anonymous