14
Dec
12:35
UAE ferrous exports fall steeply in second quarter
United Arab Emirates exports of ferrous products under HS chapter 72 fell -5% on-year in the first half of 2020 to 1.41 million tonnes, according to newly-published data from the UAE Federal Competitiveness and Statistics Authority monitored by Kallanish.
This represents a significant reversal from the 40% on-year surge in exports seen in the first quarter, showing the impact on demand of the Covid-19 pandemic.
The largest market in H1 was Saudi Arabia …
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Very good overview of the weekly steel market.
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