21
Jul
01:00
Al Jazeera Steel posts 16% decline in H1 revenue
Al Jazeera Steel posted a -16% decline in revenue in the first half of 2015 to OMR 41.44 million ($107.5m), while net profit after tax fell -58% to OMR 1.44m, Kallanish learns. Full operating results for the second quarter for the Omani re-roller and pipemaker are expected later this month.
Considerably weaker steel prices due to the slump in iron ore and global overcapacity are thought to be behind the lower earnings compared to H1 2014. Jazeera’s tot…
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Anonymous
Very good overview of the weekly steel market.
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