Reports

Tata Steel : World economy to see ‘worst contraction’ in 2020

Steel demand is expected to decline significantly in 2020-21 in line with a projected contraction in the global economy due to the impact of coronavirus pandemic, Tata Steel NSE 2.22 % has said in its annual report. Most of the steel producing regions are expected to witness a decline in crude steel output due to production cuts amidst …

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Report of the Libyan Iron and Steel Company in the light of the Coronavirus pandemic

The Libyan Iron and Steel Company was keen to abide by all instructions issued by the Presidential Council and the competent authorities affiliated to the Ministry of Health in the Government of Concord. The company’s management has held many meetings with specialists to develop plans, precautionary and preventive measures to confront the Coronavirus, take appropriate …

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Economic Impact of COVID-19 Outbreak in China

Frank Zhong Chief Representative, Beijing Office/Advisor on Economics, Raw Materials and Markets The situation in China has improved dramatically since mid-February. Most provinces haven’t reported any new domestic infections for more than six weeks. However, it is still not clear when the virus will be fully contained due to the risk of imported cases carried …

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Summary of the report of the Economic Committee of the Arab Iron and Steel Union – the second meeting – Casablanca

The expectations of the growth rates of the Middle East and North Africa region for 2019 decreased from 1.5% to 0.6%, due to the following reasons: Oil prices drop below $60 a barrel Not starting projects for the reconstruction of Syria and Iraq Continuing military operations in Syria and Yemen – political instability This is …

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Summary of the first report The Economic Committee of the Arab Iron and Steel Union

The Middle East and North Africa region is expected to witness modest growth rates, averaging between 1.5% and 3.5% during the period from 2019 to 2021, compared to 1.6% in 2018. Over the past years, the countries of the region have witnessed large inflation rates as a result of economic reforms, reducing government subsidies on …

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