07
Nov
15:09
Hadeed revenue rebounds amid higher prices, exports
Saudi Iron and Steel Company (Hadeed) saw its earnings bounce back in the third quarter, as revenue surged 53% on-year to SAR 2.38 billion ($548.1 million), helping net loss narrow 41% to SAR 164m.
Hadeed parent company Sabic chose not to comment at all on Hadeed’s performance in its Q3 earnings statement.
In the first half of 2017 Hadeed saw revenue fall -22% on-year to SAR 3.94 billion and net loss narrow 36% to SAR 517.2m, as Saudi Arabian steel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous