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Abu Dhabi steel prices fall for third month in row

Posted on 17 November 2008

From Zawya.com: Steel prices in Abu Dhabi plunged by up to 31 per cent in October for the third month running as construction appears to be the latest victim of the fallout from the global financial crisis, official data showed yesterday.

Cement prices also fell by about eight per cent for which the report cited the repercussions of the global financial crisis, sliding oil prices, accumulating steel surpluses in the local market and other factors….. Full Article: Source


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