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26 Sep

GCC August crude steel output inches downward

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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