24
Jun
13:57
Mid-East output rises despite UAE, Saudi declines
Crude steel production in the four Middle Eastern countries covered by worldsteel’s monthly report inched up 1.6% on-year in May to 3.18 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 -2.4% to 291,000t, although January-May production was still up 4.5% on-year to 1.37 million tonnes. ESI chief executive Saeed al-Remeithi said last week he expects s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous