17
Feb
15:18
Reduced Asia exports curb Qatar Steel's 2020 sales
Qatar Steel reported an improvement in shipments and earnings in the fourth quarter versus Q3, but performance on-year was down markedly due to the mothballing of certain lines earlier last year.
Qatar Steel’s Q4 rebar sales reached 244,000 tonnes, up 4% from Q3, while billet sales were 43,000t versus zero in Q3. Revenue surged 23% to QAR 700 million ($192.3m) and net profit was up 90% to QAR 49.6m, with average sales price growing 1% to $541/tonne. The pric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous