The steel industry, one of the largest industries in the world, is seen as a barometer of the world’s economic health. Steel is essential to the modern world, since it’s used in the construction of building, roads, railways, and infrastructure, with more than 50% of total steel production going into real estate and infrastructure.
In Lebanon, the industry in Lebanon is characterized by being highly competitive since there are no barriers to enter this market. Steel demand in Lebanon reaches almost 1.1M tons a year, with 60% of steel demanded going to construction while 40% to industrial purposes
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