| From Gulf Times: “While the prices have slumped, it is not panic situation yet. The prices scaled up to unsustainable levels in the past due to the rising global demand and are now seeing a correction because of the economic crisis,” Qatar Steel commercial manager Ali bin Hassan al-Muraikhi said.
He said the drop in oil prices also had an impact on steel and other commodities. Qatar Steel marketing manager Mohamed Ahmed al-Saadi said steel was not the only commodity to be hit by the global economic turbulence...... Full Article: Source |