28
Feb
08:55
Al Jazeera posts sales decline, optimistic for 2023
Oman-based re-roller and tube maker Al Jazeera Steel posted a 5% on-year decline in sales to 384,391 tonnes, whilst production fell 10% to 360,123t in 2022. However, 12-month revenue inched down only 1% to OMR 149.26 million ($387.7m) from OMR 150.35m ($390.5m) in 2021, Kallanish notes.
The Russia-Ukraine war, along with tightening monetary policies by major central banks to control inflation, and the slowdown in China all contributed to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous