20
Apr
16:12
Hadeed's 2019 sales decline, new ore supply secured
Saudi Iron & Steel Company (Hadeed)’s sales volumes dropped -2% on-year in 2019 to 4.84 million tonnes, as slowing global economic growth depressed steel demand, says parent company Sabic.
Raw materials prices, on the other hand, increased sharply due to force majeure at a major iron ore supplier. Production fell -9% to 4.67mt.
Other challenges last year were low-priced imports, tariffs imposed by regional countries and limited infrastructure spending. …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
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