23
Apr
14:52
Turkey, China competition hamper Qatar Steel first-quarter sales
Lower steel prices on account of weaker demand and increased competition saw Qatar Steel (Qasco) report an -8% on-year decline in first-quarter revenue to QAR 1.26 billion ($346.15 million).
“In the domestic market, the prices were affected by the relatively lower demand in the current period, while the regional demand was also affected by the availability of low-price steel from non-GCC producers, especially Turkey,” Qasco parent Industries Qatar (I…
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Anonymous
Very good overview of the weekly steel market.
Anonymous