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Persian Gulf - Latest news GMK Center

Photo – Vallourec forecasts a decline in production due to the war in the Middle East
Vallourec forecasts a decline in production due to the war in the Middle East

Provided the geopolitical situation stabilizes, the company expects business activity to pick up in the second half of the year

Photo – Global steel market braces for turmoil amid escalation in the Middle East
Global steel market braces for turmoil amid escalation in the Middle East

Recent events are already disrupting steel exports from China to the region

Photo – Qatar raises import duties on rebar and wire for 2026
Qatar raises import duties on rebar and wire for 2026

In 2026, customs duties on these products will amount to 10% of the value of the goods

Photo – Baosteel to increase investment in rolled steel production in Saudi Arabia to $1 billion
Baosteel to increase investment in rolled steel production in Saudi Arabia to $1 billion

The agreement on the creation of a joint venture in the country was signed in May