09
Aug
16:11
Lower prices dent Qatar Steel's first half revenue/profit
Qatar Steel (Qasco) saw marginally lower steel prices on-year in the first half of 2017 as revenue dropped -17% to QAR 2.02 billion ($554.3 million). Net profit meanwhile slumped -57% to QAR 289.71m, Kallanish learns from parent Industries Qatar (IQ).
Profit from associates, however, turned positive to QAR 63.1m versus a loss of QAR 6m a year earlier.
In its H1 earnings report IQ does not specify the effects on its steel business of the diplomatic s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous