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12 Feb
14:54

Billet drives record Qatar Steel shipments

Qatar Steel’s shipments saw significant growth in 2018 due to a change in the firm’s marketing and distribution strategy, parent Industries Qatar (IQ) says without providing tonnages. Steel segment revenue surged 25% on-year to QAR 5.79 billion ($1.59 billion), while profit including results from associates rose 55% to QAR 788.7m. Steel prices rose notably on-year in 2018 due primarily to increased raw materials costs and short supply of some key pro…
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