03
Aug
09:55
Pandemic hampers Jazeera Steel first-half performance
Al Jazeera Steel saw consolidated shipments fall -21% on-year in the first half of 2020 to 158,618 tonnes, while production dropped -17% to 166,541t as the Covid-19 pandemic impacted performance.
Sales dropped -30% to OMR 37.86 million ($98.5m) and net profit plummeted -83% to OMR 105,834.
Covid-19-related lockdowns around the world led to a sharp drop in oil demand and consequently prices in the second quarter, which had a notable impact on Gulf Cooperation Coun…
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Anonymous
Very good overview of the weekly steel market.
Anonymous