28
May
12:08
Covid-19 pandemic hits Omani chrome ore miner's sales
Oman Chromite (OC) reported a -61% on-year slump in revenue in the first quarter to OMR 247,603 ($643,960), with net profit down -42% to OMR 50,085. Chrome ore demand in global markets declined due to closures of factories in different parts of the world as a result of the Covid-19 pandemic, the firm says.
“The Board of Directors and Management are using all their efforts to seek licenses for new sites, and have had a number of meetings with the concerned au…
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Anonymous
Very good overview of the weekly steel market.
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