MEIS 2018: Rising iron ore, mineral costs pressuring GCC steelmakers

By Michael Greenfield, Michael Greenfield
Published: Friday, 21 December 2018

Attendees at Fastmarkets’ 22nd Middle East Iron and Steel conference, held in Dubai over December 10-12, are worried that increased input costs are damaging their competitiveness and eating into their profitability.

Steel companies in the Middle East have voiced concerns about how higher iron ore and steel-making minerals prices are cutting into their profitability.

The rising trend in iron ore prices has been pressuring profit margins at Gulf Cooperation Council (GCC) steel producers and their ability to compete in export markets,...

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