ME STEEL: Steel demand strongly tied to oil prices, Al Ghurair ceo says

Dec 14, 2011 | 02:38 AM |

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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