19
Jan
13:10
Hadeed Q4 loss '... larger than expected', says bank
Saudi Iron and Steel Co. (Hadeed)’s losses in the fourth quarter of 2015 were “… much larger than expected,” according to EFG Hermes, although parent company Sabic is well-placed to withstand the challenging environment.
A sharp decline in sales prices saw Hadeed record a net loss of SAR 1.1 billion ($293.3 million) in Q4 despite the reduction in cost of sales (see Kallanish 19 January). “We suspect that some of the large losses at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous