07
Jan
08:34
Astra sales decline after Iraq rebar mill idling
The power and steel segment of Saudi-based Astra Industrial Group reported a -21% on-year decline in revenue in the nine months through September 2015 to SAR 237.97 million ($63.4m). This dragged down consolidated revenue -4% to SAR 1.33 billion.
The industrial group decided during the period to suspend production at Iraq-based rebar steelworks Al Tanmiya for Steel Industries, in which it owns a 51% stake. The mill “… will likely resume production o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous