24
Apr
15:09
Saudi re-roller arrests sales decline in first quarter
United Wire Factories Co. (Aslak) reported flat revenue on-year in the first quarter at SAR 145.02 million ($38.67m) due to unchanged demand for construction materials, the Saudi long product re-roller says. Net profit was also flat, at SAR 7.73m.
This profit was, however, down -24% versus Q4 2017 due to lower sales on account of weak demand, strong competition and lower sales prices. Moreover, there was an increase in general and administrative expenses, as wel…
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