30
Apr
20:37
Qatar Steel hikes production despite eroded sales prices
The steel segment of Industries Qatar (IQ) saw production increase 6.7% on-year and 13.7% on-quarter in the first quarter of 2024 to 1.16 million tonnes, notes Kallanish.
Average selling prices fell to $541/tonne versus $553/t in Q4 2023 and $566/t in Q1 2023. Meanwhile, steel segment sales volumes inched up 5.8% on-quarter but declined 11.6% on-year to 527,000t in Q1, IQ says in its quarterly performance report.
Revenue rose 3.6% on-quarter but f…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous