Browse
related articles
'Dumping' affecting UAE steel prices
- United Arab Emirates: Tuesday, August 04 - 2009 at 10:55
Ajay Aggarwal, CEO of RAK Steel, a major steel manufacturing mill in Ras Al Khaimah, has said that dumping from Turkish steel manufacturers is hurting the country's local steel prices, Reuters has reported. Prices in the UAE of rebar steel, which is mainly used for construction, are at around $500 per ton compared to $1,500 last year, he has said. UAE authorities imposed a 5% custom duties fee on the metal in February, but many of these companies find ways to escape the custom charges by importing small amounts of steel at a time, Aggarwal has said. 'Dumping is slowing down the recovery of the sector and our profitability,' he has added.
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
StaffTuesday, August 04 - 2009 at 10:55 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds