20
Mar
14:30
Saudi budget cuts, imports seen hampering steel production
Saudi Arabian budget cuts for 2016 will have a high negative impact on the country’s steel demand, which, coupled with competitive imports, will limit domestic production, according to CRU consultant Chabbi Singh.
Lower government income as a result of reduced oil prices has led to a scaling back of state-funded infrastructure and construction projects.
Due to Saudi’s steel consumption mainly comprising long products for the construction sector, w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous