05
Feb
00:00
Lower shipments and prices see Qatar Steel revenue decline 15% in Q4
Qatar Steel (Qasco) saw revenue decline 15.4% on-quarter in Q4 2014 to QAR 1.3 billion ($365.98 million) owing to a reduction in shipments and key steel product prices. Capacity utilisation was down to 92% from 110% due to increased downtime, Kallanish learns from the steelmaker.
Full-year 2014 revenue, however, increased 2.5% to QAR 6bn thanks to the ramp up of its new 1.1 million tonnes/year capacity electric arc furnace which it commissioned in January 20…
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Anonymous
Very good overview of the weekly steel market.
Anonymous