09
Aug
09:41
Qatar Steel's first-half production, sales volumes increase
Industries Qatar (IQ)'s steel segment sales volumes increased by 18% on-year in the first half of 2023 to 1.13 million tonnes. Production rose 7% to 2.1mt.
However, average selling price in H1 at $570/tonne was down 18% on-year from $698/t recorded in the same period last year, IQ says in a report seen by Kallanish.
Lower average selling prices resulted in H1 revenue declining, with profit plummeting amid increased operating expenses.
"Demand…
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Anonymous
Very good overview of the weekly steel market.
Anonymous