13
Aug
11:20
Rebar prices lift up Saudi Al Yamamah earnings
Al Yamamah Steel reported a 7% on-year decline in revenue in the nine months through June to SAR 1.29 billion ($344.9 million), though net profit jumped 560% to SAR 167.7m due to higher construction segment sales prices and lower costs.
Profit also rose 8.4% on-quarter due to a 29.6% increase in the selling prices of the products demanded by the construction sector, according to the report seen by Kallanish.
On a quarterly basis, the net profit in Q2 2…
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Anonymous
Very good overview of the weekly steel market.
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