North Africa overtakes Gulf as Mena region's largest rebar market

摘要

North Africa has overtaken Dubai as the leading import market for light long products in the Mena region, supported by its governments' ambitious multi-billion dollar investment plans. The North African region can fund its own growth due to its conservative banking sector that is supported by booming domestic demand for construction steel, analysts have said. Egypt leads the North African market and has become a large net importer of rebar from Turkey since the end of last year.