26
Oct
09:10
Qatar Steel shipments, earnings drop in third quarter
Industries Qatar (IQ)'s steel segment sales increased 9% on-year in the first nine months of 2023 to 1.58 million tonnes amid an increase in combined production of all products by 8.4% to 3.2mt.
However, revenue shrank 7.1% on-year to QAR 3.26 billion ($896.15 million) and profit by 47.2% to QAR 408.5m due to sales prices declining 15.1% to $564/tonne. The lower prices were the result of uncertainty in global steel demand and muted domestic consumption ov…
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Anonymous
Very good overview of the weekly steel market.
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