25
Apr
09:33
Qatar Steel revenue declines 13% in Q1
Qatar Steel (Qasco) reported a -13% on-year decline in revenue in the first quarter to QAR 1.15 billion ($315.8 million), while net profit declined -7% to QAR 197.3m, Kallanish learns from parent company Industries Qatar (IQ).
This contributed to an -11% drop in IQ’s consolidated Q1 revenue to SAR 3.38 billion and a -28% fall in profit to QAR 668.85m. The fertiliser segment performed worse than Qasco, while petrochemicals were far stronger, recording …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous