18
Oct
14:35
Al Jazeera Steel reports plunge in nine-month revenue, profit
Omani welded pipemaker and long product re-roller Al Jazeera Steel reported a -23% on-year decline in revenue to OMR 56.3 million ($146.2m) in the nine months through September. Net profit plunged -67% to OMR 1.56m. Jazeera will publish full nine-month results later this month.
Jazeera said in July it was taking a “...more prudent approach” due to demand uncertainty caused mainly by excess Chinese capacity (see Kallanish 29 July). Mills in China were…
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Anonymous
Very good overview of the weekly steel market.
Anonymous