25
May
12:49
Mid-East steel output slumps as pandemic hits region
Crude steel production in the four Middle Eastern countries covered by worldsteel’s monthly report slumped -22% on-year in April to 2.57 million tonnes, as the Covid-19 pandemic hit regional economic activity. Besides the output decline seen in November 2019, this was the first fall in multiple months and very uncharacteristic for the region, Kallanish notes.
Production in Qatar, accounted for by Qatar Steel, plummeted -74% to only 49,000t. Qatar Steel …
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Anonymous
Very good overview of the weekly steel market.
Anonymous