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Arab Steel Summit

July 4, 2022

Three factors facing the oil market… War, Inflation and Recovering Demand

Oil analysts expected the volatility of crude oil prices to continue this week due to fears of economic stagnation and weak market sentiment, which caused price losses for three consecutive weeks. They explained to Al-Iqtisadiah that oil prices, in turn, receive some support from the summer driving season and the air travel return. In addition …

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Rebar prices decline in Egypt driven by the drop in billet globally

Local factories for rebar production revealed the selling prices of their products in July, with another decrease of 500 pounds on average per tonne, due to the successive decline in billet prices on the global stock exchange, specifically from the Russian market. Note that iron prices recorded a decrease of more than 1,100 pounds per …

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