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23 Apr
13:09

Qatar Steel cuts output, focuses on domestic market

Qatar Steel has adjusted its operations to produce rebar at a rate of 800,000 tonnes/year for the domestic market only beginning from the second quarter, parent company Industries Qatar (IQ) says. This is a result of the difficult market and macroeconomic outlook caused by Covid-19-related disruptions. Exports will be curbed amid higher competition and declining margins internationally, IQ says. The market situation will be continuously reviewed and production wil…
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