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Qatar Steel's Ebitda grew 30.6% on-quarter to QAR 409 million ($112.3m) in the second quarter. Margins recovered after the company restarted the mothballed larger-capacity direct reduced iron (DR)-2 plant in the first quarter. DR-2 has a 1.5 million tonnes/year capacity. The steelmaker instead mothballed DR-1, with an 800,000 t/y capacity. The company has thereby been able to sell excess DRI, nearly 400,000t, in the merchant market after ma…
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