09
Feb
08:43
Qatar Steel earnings grow despite reduced sales, output
Qatar Steel’s revenue grew 30% on-year to QAR 3.88 billion ($1.06 billion) in 2021, from QAR 2.99 billion ($822.8 million) recorded in 2020, parent Industries Qatar (IQ) says in a report monitored by Kallanish.
On the other hand, steel sales fell 2% on-year in 2021 to 1.61 million tonnes, although they surged 55% on-quarter in the fourth quarter to 381,000t.
Production in 2021 decreased by 10% to 3.03mt, while in the fourth quarter alone it also fell 10% on…
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Anonymous
Very good overview of the weekly steel market.
Anonymous