29
Apr
16:38
Mid-East output rises despite UAE slump
Crude steel production in the four Middle Eastern countries covered by worldsteel’s monthly report surged 16% on-year in March to 3.18 million tonnes, Kallanish notes.
This was despite a -15% slump in United Arab Emirates, where almost 90% of output is accounted for by Emirates Steel, to 212,000t. First-quarter production was nevertheless still up 10% on-year to 805,000t.
The region’s largest producer, Iran, recorded an estimated 20% output growth…
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Anonymous
Very good overview of the weekly steel market.
Anonymous