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Saudi Arabian contractors mull to import steel products directly
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It’s reported that the contractors in Saudi Arabia are mulling to jointly import steel products by themselves as the domestic selling prices do not change in accordance with the prices in the international market.
The steel prices have continued falling in the second month of June due to debt crisis in euro zone.
The Saudi Arabian contractors said that the current steel product prices in local market are much higher than that in international market.
Therefore, they are considering importing steel products directly.
News Date
6/28/2012 1:58:09 PM
reported by
Echo Huo
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