15
Feb
15:42
Qatar Steel 2017 longs sales fall, billet surges
Qatar Steel (Qasco)’s rebar sales fell -14% on-year in 2017 to QAR 3.6 billion ($989 million) and wire rod sales slumped -21% to QAR 231m. However, billet sales surged almost six-fold to QAR 722.6m.
Hot briquetted iron/direct reduced iron sales last year dropped -11% to QAR 82.13m. The steelmaker’s overall revenue thus declined -1% in 2017 to QAR 4.63 billion, while gross profit fell -38% to QAR 709.6m.
Thanks to stable performance in the petroche…
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Anonymous
Very good overview of the weekly steel market.
Anonymous