26
Oct
11:25
Qatar Steel sales continue rapid growth
Qatar Steel (Qasco)’s sales surged 44% on-year in January-September to QAR 4.56 billion ($1.25 billion), although this slowed from 49% growth after six months, Kallanish learns from parent Industries Qatar (IQ). Gross profit soared 65% to QAR 799.94m.
Steel sales improved due to the change in geographical mix and the “…steelmaking strategy,” IQ says without elaborating. Steel prices continue to remain robust, supported by increased raw m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous