Gulf Cooperation Council member countries Saudi Arabia, Qatar and the United Arab Emirates saw combined August crude steel output stay flat versus July but shrink 2.3% year-on-year to 1.19 million tonnes.
The drop is due to diminished construction and infrastructure work in the region’s warmest month. Governments stipulate a minimum three-hour working hour reduction for outdoor construction activities, Kallanish observes.
However, with Iran included, Middle…
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