Political instability tempers steel outlook in Middle East, North Africa

Oct 11, 2012 | 01:46 PM | None

Tags  WorldSteel, Middle East, North Africa, Mena, Turkey, Egypt, Ukraine, steel steel demand

NEW DELHI — Continuing political instability in the Middle East and North Africa has led the World Steel Association (WorldSteel) to lower its short-term expectations of regional growth, director-general Edwin Basson told AMM sister publication Steel First.

However, apparent steel use in the region is still projected to increase by 4.9 percent to 62.7 million tonnes in 2012, the organization said in its latest short-range outlook. The growth rate is expected to accelerate to 6.7 percent in 2013, with....

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