24
Oct
15:00
Lower prices, shipments dent Qatar Steel's nine-month revenue
Lower sales prices and shipments saw Qatar Steel (Qasco)’s revenue decline -8% on-year in the nine months through September to QAR 3.17 billion ($854.2 million). Gross profit slumped -52% to QAR 486.2m.
The reduced shipments were the result of lower production on account of slightly longer maintenance shutdowns compared to last year, according to Qasco parent Industries Qatar (IQ). Performance was also affected by the increase in global iron ore prices and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous