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Infrastructure investment in emerging markets is accelerating, leading to a sustained increase in demand for imported steel.

Jan 17, 2025
Infrastructure investment in emerging markets is accelerating, leading to a sustained increase in demand for imported steel.

Recently, with several national-level infrastructure projects in the Middle East and Africa entering their peak construction phase, the demand for imported construction steel has increased significantly. Hot-rolled coils, galvanized sheets, and color-coated sheets are widely used in the construction of industrial plants, affordable housing, and public facilities, with order volumes showing a marked increase compared to the same period last year. Market analysis indicates that, benefiting from increased oil and gas revenues and the advancement of economic diversification strategies, the region's steel import demand is expected to maintain steady growth over the next two to three years.

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