24
Dec
10:24
Strong demand despite pandemic boosts Saudi re-roller's sales
Al Yamamah Steel reported a 95% on-year surge in revenue in its fiscal year through September 2020 to SAR 1.87 billion ($498.7 million) thanks to strong demand despite the Covid-19 pandemic. The firm turned to a net profit of SAR 50.7m versus a year-earlier loss of SAR 39.9m, Kallanish notes.
Shipments to the construction sector rose 106% as the firm met demand for rebar and pipe during the pandemic, the firm says without providing tonnages. Electricity sector del…
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Anonymous
Very good overview of the weekly steel market.
Anonymous