17
Sep
01:00
ESI sees 13% revenue increase in 2014, higher sections output
Abu-Dhabi based Emirates Steel (ESI) forecasts its revenue to increase 13% year-on-year in 2014 to AED 7 billion ($1.91bn), with production of heavy sections set to double on last year to 600,000 tonnes, the firm’s chief executive, Saeed Al Romaithi, says in an interview with Al Bayan.
The government-owned steelmaker launched its 1 million tonnes/year heavy sections mill at the start of 2012 and has since been ramping up output, which reached 300,000t …
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Very good overview of the weekly steel market.
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