19
Jan
00:00
SABIC re-evaluating new steel mills on lower oil, steel prices: report
Saudi steelmaker SABIC is re-evaluating its proposed $4.26 billion investment into new heavy plate and cold rolling mills, following the slump in oil prices of over 50% since last June and falling steel prices, the company’s chief executive, Mohamed al-Mady, tells Reuters.
In 2013 the 70%-state-owned firm said it planned to establish by end-2018 a new 1.5 million tonnes/year heavy plate steelworks in Jubail and a cold rolling mill in King Abdullah Econ…
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Anonymous
Very good overview of the weekly steel market.
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