UPDATE 1-Emirates Steel expects 2019 slowdown in regional construction | Reuters:
Emirates Steel, the largest steel producer in the United Arab Emirates, expects a slowdown in regional construction in 2019 and rising iron ore prices, its chief executive said on Tuesday.
Growth in the Gulf economies have slowed due to oil output cuts, lower crude prices and weaker global growth.
Emirates Steel produced 3.1 million tonnes of steel in 2018, matching 2017 volumes. About 20 percent of production is exported, most of it going to Gulf states.
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