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25 Jan
11:22

Middle East steel output shrinks 2.4% in 2015

Crude steel production in the four Middle Eastern countries covered by the World Steel Association’s monthly report declined -2.4% on-year in 2015 to 27.37 million tonnes. This represented a reversal in fortunes from 2014 when the Middle East recorded far stronger growth – at 7.9% – than any other of the world’s regions. Moreover, Middle Eastern output declined for a fifth consecutive month in December, falling -8.5% on-year to 2.16mt. Th…
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