Steel Update

The growing import of steel has cut the utilization of national steel production to only 50%, below the target of 70-80%. Import of steel grew 32.6% to US$4.68 billion in the first half (H1) of 2018, and contributed 6.24% import of non oil and gas. In 2017 the domestic steel demand reached 13.5 million tons and predicted to grow to 14.5 million tons this year.

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