13
Feb
12:42
Qatar Steel’s merchant DRI sales soar in 2022
Industries Qatar (IQ)'s steel segment saw revenue increase in 2022 by 9.6% on-year to QAR 4.26 billion ($1.17 billion) and profit by 24.1% to QAR 0.88 billion, Kallanish notes.
Wholly owned subsidiary Qatar Steel lifted direct reduced iron sales in January-December by 513.2% to QAR 901m, from QAR 146m in 2021, whereas rebar sales inched up 4.3% on-year to QAR 2.96 billion. By contrast, billet sales plummeted 85% to QAR 81 million, IQ says withou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous