02
Nov
00:00
SABIC steel sales fall 6% year-on-year, as rebar overstock affects Saudi market
Saudi Iron and Steel Company (Hadeed) has reported a 6% year-on-year decline in nine-month sales to SAR 10.39 billion ($2.77bn). Net income meanwhile dropped 29% to SAR 920.1 million, Kallanish learns from parent company SABIC.
In October 2013 the company lowered its rebar prices to the domestic market for the first time in three years owing to competition from imports. This was compounded by the government’s crackdown on illegal labourers, which resul…
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