21
Apr
01:00
Improved steel margins boost Astra profit on-quarter in Q1
An improvement in gross margins from its power and steel segment contributed to a 63.7% net profit increase for Astra Industrial Group in the first quarter versus Q4 to SAR 42.11 million ($11.23m).
Saudi conglomerate Astra owns a 51% stake in Basra-based rebar steelworks Al Tanmiya for Steel Industries. Besides Tanmiya, the power and steel segment – making up 21% of Astra’s revenue in 2014 – comprises Saudi-based steel fabricator Internatio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous