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Saudi hit by steel price collapse rumours

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According to a report, Saudi Arabia’s construction sector has been hit by rumours that steel prices will collapse shortly because of falling demand, but its industry chief insisted that prices showed only slight decline.

Mr Shuail Al Ayed, chairman of Steel Committee in the Council of Saudi Chambers of Commerce and Industry, that the steel bar prices fell by around USD 26

Source – tradearabia

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Article Categories:
Metals · Steel

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