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14 Aug
14:02

Qatar Steel accelerates HBI sales, eyes China improvement

Qatar Steel owner Industries Qatar (IQ) is hopeful that recent Chinese government initiatives to boost the economy will benefit the construction segment and therefore steel demand, following a difficult first half of 2024, Kallanish notes. The steelmaker has significantly upped hot-briquetted iron sales on the merchant market this year amid weak rebar shipments. This comes as steel segment performance was hit in H1 by muted Chinese property sector demand and weak …
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