13
May
14:31
Hamriyah buyout nears completion: sources
United Arab Emirates-based sanctioned rebar re-roller Hamriyah Steel is close to being taken over by a Jordanian semi-finished and long steel trader, Kallanish learns from multiple market participants and informed sources. The acquiring businessman also owns an induction furnace-route rebar plant in Saudi Arabia.
The businessman has taken a proactive approach by appointing an unofficial “shadow managing director” to thoroughly assess Hamriyah’s r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous