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01 Jul
14:49

Weak demand, power cuts hit Kuwaiti mills

Restrictions on working hours at outdoor construction facilities during the hot summer months have reduced local rebar consumption and, consequently, demand. This, coupled with power supply disruptions, has impacted mill utilisation rates in Kuwait, notes Kallanish. In addition, the government has intensified control of foreign workers without work permits, which is a concern for local steel producers. Most of the blue-collar workers are expatriates, as the local …
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