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17 Aug
15:49

Diversified export destinations boost Qatar Steel first-half sales

Qatar Steel (Qasco)’s sales surged 49% on-year in the first half of 2018 to QAR 3.02 billion ($829.7 million), while profit soared 92% to QAR 552.16m, as a change in export destinations boosted shipments, Kallanish learns from parent company Industries Qatar (IQ). Revenue was also supported by steadily rising steel prices, spurred by increased raw material costs and the resurgence of demand in some geographies, IQ says. IQ’s consolidated revenue, …
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