06
Apr
01:00
ESI dealt with 'intense' competition in 2014, found new export markets
Sales revenue at Senaat, the government-owned investment vehicle and owner of Emirates Steel (ESI), increased 16% year-on-year to AED 13.4 billion ($3.65bn) in 2014. Net profit rose 5% to AED 923 million.
“Emirates Steel delivered high quality products to its core market [in 2014] despite intense competition from Chinese and Turkish steel producers, and continued to export into new geographical markets,” Senaat says in a statement seen by Ka…
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Anonymous
Very good overview of the weekly steel market.
Anonymous