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18 Jul
15:34

GCC rebar market is puzzled with global sentiment

The Gulf Cooperation Council rebar market is maintaining its low pulse; hence, retail rebar prices are sliding. Some positive economic indications are coming from the US, like a strengthening dollar. However, no promising and encouraging news is yet coming from the Far East and Europe. Sector participants are puzzled by contradicting economic news from different parts of the world, and its reflection on the steel sector, Kallanish observes. In the U…
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