02
Nov
12:29
Emirates Steel nine-month financials down
State-backed Emirates Steel Arkan (ESA), the largest building materials company in the United Arab Emirates, has reported a decline in revenue for the first nine months of the year, but an increase in profit.
The steel division, which generated 89.7% of the group's revenue in the first nine months of the year, posted a 9.8% on-year decline in revenue to AED 5.81 billion ($1.58 billion) from AED 6.44 billion in the same period last year, Kallanish notes.
Janua…
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Very good overview of the weekly steel market.
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