07
Nov
16:56
Hadeed earnings improve further
Saudi Iron & Steel Company (Hadeed) reported a 6% on-year increase in third-quarter sales to SAR 2.53 billion ($674.67 million), Kallanish learns from parent company Sabic. The steelmaker also turned to a SAR 10.06m net income attributable to Sabic equity holders versus a loss of SAR 164m in the year-earlier quarter.
Coupled with a 13% increase in petrochemicals segment revenue, this helped boost Sabic’s consolidated sales 13% in Q3 to SAR 43.7 billion…
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Anonymous
Very good overview of the weekly steel market.
Anonymous