10
Aug
01:00
Jordan Steel turns to profit in H1 on merchant billet use
Jordan Steel turned to a net profit of JD 417,250 ($588,920) in the first half of 2015 versus a loss of JD 1.13 million in H1 2014, Kallanish learns from a company stock exchange filing.
Jordan Steel idled at the beginning of this year its 200,000 tonnes/year electric arc furnace. This happened due to high electricity prices that made scrap-based steelmaking uncompetitive against rebar rolled from imported billet (see Kallanish 21 January). The firm has main…
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Anonymous
Very good overview of the weekly steel market.
Anonymous