GCC steel trade expected to cross $200bn in 2010
The GCC steel trade is expected to cross $200bn in 2010 according to latest studies, with the demand on steel witnessing a huge increase due to the ongoing construction boom and numerous project launches taking place in the region.
New Delhi, Aug 27 Steel Minister Beni Prasad Verma on Monday said that the total import of finished steel during the year 2011-12 has marginally increased by about 2.4% to 6.83 million tonnes in comparison to 6.66 million tonnes during 2010-11.