20
Oct
01:00
Qatar steel revenue down 16% in Q3 due to fall in DRI/HBI sales
Qatar Steel's (Qasco) third-quarter revenue fell 15.8% versus Q2 to QAR 1.5 billion ($412 million) due to lower sales of direct reduced iron/hot-briquetted iron, the government-owned company says in a statement seen by Kallanish.
The decline came after Qasco recorded a “significant one-off DRI/HBI sale” in Q2. Production volumes in Q3, however, improved due to less downtime, while capacity utilisation was up 3% from Q2 to 110%, Qasco claims, …
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Anonymous
Very good overview of the weekly steel market.
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