Steel imports to remain steady in 2010 with more than 40 bn dollars still to be spent on projects

摘要

The United Arab Emirates is expected to import as much steel from Turkey in 2010 as in 2009, with more than 40 billion dollars still projected to be spent on construction projects. despite the debt troubles at Dubai World, the head of Turkeys steel export association said Wednesday. 《We are not worried about the [Dubai World] developments because there are some projects--over 40 billion dollars - which will create some cashflow and will create steel consumption,》 Serdar Kocturk, chairman of the Istanbul Iron and Steel Exporters Association, told Dow Jones Newswires in an interview.