28
Jul
14:07
Qatar Steel foresees no immediate ramp-up after loss
Qatar Steel’s rebar sales fell -26% on-year in the first half of 2020 to QAR 1.42 billion ($390.1 million), while billet sales dropped -12% to QAR 276.6m, parent company Industries Qatar (IQ) says in a report seen by Kallanish. Rebar in coil sales dropped -37% to QAR 100.4m.
Qatar Steel idled some capacity from the beginning of April in order to cater for the domestic rebar market only, amid increased competition and declining margins in export markets (see …
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Anonymous
Very good overview of the weekly steel market.
Anonymous