26
Apr
18:17
Qatar Steel sees range-bound prices in first quarter
Qatar Steel (Qasco) saw steel prices fluctuate within a narrow range in the first quarter due to supply and demand factors, says parent Industries Qatar (IQ). The steelmaker’s revenue fell -3% on-year in Q1 to QAR 1.11 billion ($304.83 million) on account of slightly reduced shipments, although gross profit rose 16% to QAR 254.9m due to lower cost of sales.
IQ’s consolidated revenue, including its petrochemicals and fertilisers subsidiaries, remained…
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Anonymous
Very good overview of the weekly steel market.
Anonymous