02
Aug
08:15
Emirates Steel earnings jump in second quarter
Emirates Steel Arkan saw a robust increase in profitability and revenue in the second quarter, driven 90% by the steel segment, notes Kallanish.
On a stand-alone basis, the steel segment reported in the first half of 2022 a 113% on-year jump in Ebitda to AED 524 million ($142.6m). This was coupled with growth in export markets, increasing its export destinations to 60 countries from 56, the firm says.
Group revenue rose to AED 2.57 billion in Q2. A net …
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Anonymous
Very good overview of the weekly steel market.
Anonymous