14
Dec
15:52
Sabic's foresees Hadeed spin-off by Q3 2017
Sabic’s demerger of its Saudi Iron and Steel Company (Hadeed) business unit into a separate company is likely to be completed by August next year, according to Abdulaziz Sulaiman Al Humaid, executive vice president metals at Sabic.
Sabic initially announced the move in October (see Kallanish 21 October). It will see Hadeed operate as a separate entity but with Sabic retaining full ownership. The move should not, however, be seen as preparing the groun…
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Anonymous
Very good overview of the weekly steel market.
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