10
Feb
14:04
Demand surge doubles Yamamah Steel sales
A significant rebound in Saudi construction and electricity sector demand helped Al Yamamah Steel’s revenue more than double on-year in the first fiscal quarter through December 2019.
Revenue surged 104% on-year in quarter to SAR 405.4 million ($108.1m). Construction sector sales grew 118% and 93% in tonnage and value respectively, while electricity sector sales rose 159% and 175% respectively, the firm says without providing specific figures. The latter was…
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Anonymous
Very good overview of the weekly steel market.
Anonymous