29
Oct
00:00
Al Jazeera Steel eyes more NA sales if oil remains depressed, hikes Q3 sales
Omani welded pipe and merchant bar producer Al Jazeera Steel could increase exports to North America if oil prices fall further and limit Gulf Cooperation Council (GCC) expenditure on infrastructure projects. Strong construction activity in Dubai, however, is expected to drive demand for its products.
This comes after the re-roller posted a 14% year-on-year increase in revenue in the third quarter to OMR 23.7 million ($61.6m), and a 78% jump in net profit to…
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Anonymous
Very good overview of the weekly steel market.
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