ME STEEL: Steel demand strongly tied to oil prices, Al Ghurair ceo says
Dec 14, 2011 | 02:38 AM
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The correlation between oil prices and steel demand among the Gulf Co-operation Council (GCC) nations is 89%, Abu Bucker Husain, ceo of Al Ghurair Iron & Steel, told delegates at the Metal Bulletin Middle East Iron & Steel conference in Dubai on December 14.
“When oil prices are....
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