01
Aug
15:13
Al Jazeera deliveries, revenue grow, profitability plunges
Oman-based re-roller Al Jazeera Steel (AJS) reported a 2.85% on-year growth in consolidated sales in the first half of 2022 to 206,381 tonnes, but a 6.5% decline in production to 187,747t, Kallanish notes.
Tightening monetary policies of major central banks coupled with weak Chinese demand caused a steep drop in global demand and commodity prices in the second quarter, negating the Q1 spike. This has led to serious disruptions as well as buying stagnatio…
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Anonymous
Very good overview of the weekly steel market.
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