27
Oct
13:12
Qatar Steel's third-quarter deliveries surge, sales prices plummet
Industries Qatar (IQ)'s steel segment revenue hiked 21% on-year to QAR 3.51 billion ($965.38 million) in the first nine months of 2022, says IQ in a report seen by Kallanish.
Net profit of the segment, comprising Qatar Steel, was QAR 774m, up 23% on-year from QAR 629m recorded in 2021.
Nine-month revenue growth is attributed to improved sales volumes by 19% on-year to 1.45 million tonnes. Due to softening domestic demand and the slowdown i…
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Anonymous
Very good overview of the weekly steel market.
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