02
Aug
01:00
Sabic steel sales down 17% in H1
Saudi Iron and Steel Company (Hadeed) reported a -17% on-year decline in sales in the first half of 2015 to SAR 6.24 billion ($1.66 billion). Net income, meanwhile, plunged -84% to SAR 104.85 million, Kallanish learns from parent company SABIC.
In June local sources told Kallanish the majority of Saudi Arabia’s rebar producers have failed to clear the backlog of rebar inventories which initially accumulated when the construction sector slowed drastical…
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Anonymous
Very good overview of the weekly steel market.
Anonymous