11
Feb
11:16
Reduced prices hit Qasco earnings despite increased shipments
Lower selling prices dragged down Qatar Steel (Qasco)’s revenue in 2019 by -12% on-year to QAR 5.1 billion ($1.4 billion). Prices declined by the same rate and were only partially offset by a 1% growth in sales volumes, parent Industries Qatar (IQ) says without providing tonnages.
Rebar sales dropped -12% in 2019 to QAR 3.79 billion and billet sales fell -16% to QAR 1.03 billion. However, wire rod sales rose 13% to QAR 282.2 million. Freight revenue halved t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous