03
May
12:38
Jazeera Steel to exploit price surge, expand exports
Al Jazeera Steel plans to exploit the recent surge in international steel prices by increasing production, with the merchant bar mill preparing for 24-hour operation. The Omani re-roller is also looking to boost welded pipe exports to Australia and Jordan. The latter market was sold to for the first time in the first quarter.
Jazeera’s sales rose 4% on-year in Q1 to 79,926 tonnes, while output increased 3% to 74,345t. Net profit surged 50% to OMR 830,983 (…
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Anonymous
Very good overview of the weekly steel market.
Anonymous