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Middle East steel prices loose 16pct in 2009 – 03 Jan 10

Middle East, which had created a myth of un satiable demand of steel during 2007 and first half of 2008, could not have been worst hit during 2009 as the domestic levels dropped by almost 20%.

The domestic price in Middle East remained insulated from global levels and posted a continuous decline in 2009 reflecting a major structural problem and painting a dismal picture for coming months.

Jan 3, 2010 08:05
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