24
Oct
10:16
Weak steel prices dent Industries Qatar revenue
Lower steel prices contributed to a -16% on-year decline in Industries Qatar (IQ)’s nine-month-through-September consolidated revenue to QAR 3.4 billion ($933.8 million).
Prices were down as a result of weaker Middle Eastern steel demand caused by reduced capital expenditure, as well as the availability of low-priced steel from China and Turkey, Qatar Steel parent IQ says. Shipments declined due to the lower demand, as well as reduced sales of bi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous