29
Apr
01:00
Al Jazeera Steel foresees imminent Expo demand, stronger China, US construction
Omani merchant bar and welded pipe producer Al Jazeera Steel expects steel demand from Dubai 2020 Expo-related projects to soon materialise. The end of winter meanwhile will boost construction activity in the US and China.
This comes after the firm endured a difficult first quarter, posting on-year declines in production, shipments, revenue and net profit. Output fell -11% to 72,536 tonnes, deliveries -7% to 76,743t and revenue -12% to OMR 21.49 million ($55…
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Very good overview of the weekly steel market.
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