14
May
16:33
Saudi spending cuts to hit Vision 2030 projects
Saudi Arabia’s latest public spending cuts in response to lower oil prices and the Covid-19 pandemic are likely to impact Vision 2030 projects. These are widely touted as the next steel demand driver in the Gulf Cooperation Council region, Kallanish notes.
Saudi Arabia’s government plans to achieve SAR 100 billion ($26.7 billion) of spending cuts, amounting to 4% of its GDP, by cancelling, extending or postponing some operational and capital expenditur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous