28
Oct
14:24
Reduced deliveries, prices slash Hadeed third-quarter revenue
Saudi Iron & Steel Company (Hadeed) reported a -10% on-quarter decline in revenue in the third quarter to SAR 2.31 billion ($616 million) due to reduced deliveries and sales prices. Ebitda declined -56% to SAR 60 million and loss from operations deepened 57% to SAR 220m.
In the nine months through September Hadeed’s revenue fell -6% on-year to SAR 8.12 billion and Ebitda was down -61% to SAR 490m. The firm sank to a SAR 350m loss from operations versus…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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.
Anonymous