19
Jul
13:58
Al Jazeera Steel posts 16% Q2 revenue drop
Al Jazeera Steel’s revenue declined -16% on-year in the second quarter to OMR 34.96 million ($90.8m), but net profit surged 88% to OMR 2.71m, Kallanish learns from the Omani re-roller.
The drop in revenue was steeper than analysts had predicted; however, profit had been expected to remain flat on-year (see Kallanish 4 July). Although prices surged in March and April, they were still down on average compared to Q2 2015. Jazeera will release its full Q2 resu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous