19
Aug
10:16
Construction demand lifts Yamamah sales, pandemic impacts deliveries
Al Yamamah Steel’s revenue in its third fiscal quarter through June surged 88% on-year to SAR 395 million ($105.3m), helping the firm turn to a SAR 0.93m net profit from a SAR 2m loss a year earlier, Kallanish notes.
The tonnages and value of June-quarter sales increased 99.6% and 105.7% respectively in the construction sector and 55.6% and 34.9% respectively in the electricity sector, Yamamah says without providing figures. Selling and distribution expenses…
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Anonymous
Very good overview of the weekly steel market.
Anonymous