12
Feb
12:59
Qatar Steel lifts shipments, earnings; eyes Solb restart
Qatar Steel increased sales volumes and profit in 2023, following its acquisition of Al Qataria, and plans to inject capital into Saudi steelmaking subsidiary Solb Steel to restructure its debt and resume production in 2024.
Parent company Industries Qatar (IQ)’s steel segment profit for 2023 showed a significant growth of 16% on-year to QAR 1.02 billion ($282 million). The average selling price fell by 12% on-year to $561/tonne in January-December from $637…
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Anonymous
Very good overview of the weekly steel market.
Anonymous