08
Feb
00:00
Further iron ore price drop set to ease Qatar Steel margin pressure: bank
A further decline in iron ore prices should partially offset the impact on the margins of Qatar Steel of weak steel prices, which are likely to remain under pressure in the short term. This is according to a report by investment bank EFG Hermes monitored by Kallanish.
The subpar performance of its steel segment contributed to a decline in the fourth-quarter net income of Qatar Steel parent Industries Qatar (IQ). Steel ebitda declined -26% quarter-on-quarter,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous