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Qatar Steel halts exports on local demand

Doha, October 27, 2008

Qatar Steel, a unit of Industries Qatar, has decided to halt all steel exports after a 45 percent increase in local demand due to a construction boom, the firm said in a statement.

'Qatar Steel reached this decision in order to meet the increased demand on the local market that is witnessing an unprecedented construction boom, and affirmed that the increased demand on the local market reflects the strength of the national economy and the dynamism of the construction sector,' the statement on the company's website said. - Reuters




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