09
Nov
09:43
Oman's Al Jazeera posts nine-month production, profit surge
Omani re-roller Al Jazeera Steel (AJS) reported a 24% on-year increase in consolidated sales to 346,781 tonnes and a 26% surge in production to 337,600t in the first nine months of the year, Kallanish notes.
However, due to languishing steel prices in 2023, the company saw revenue decline in January-September by 8% to OMR 106.46 million ($276.5m), contradicting however with net profit soaring by 11% to OMR 2.41m ($7.34m). It reported cash flow of OMR 4.08m at the …
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Anonymous
Very good overview of the weekly steel market.
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