01
Nov
09:52
Little room seen for price improvement, but Qatar Steel stronger than peers
EFG Hermes foresees little room for steel price improvements at Qatar Steel (Qasco), as global supply continues to outstrip demand significantly. However, Qasco is better-positioned than some peers as pricing in the Qatari market is less volatile than internationally, the investment bank says in a report seen by Kallanish.
Qasco’s third-quarter revenue missed EFG Hermes’ forecast by 7%. However, gross margins expanded to 26%, beating the bank’s…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous