28
Jan
15:16
Hadeed reports strong fourth-quarter profitability
Saudi Iron & Steel Company (Hadeed) reported a 5% on-year increase in revenue in the fourth quarter of 2018 to SAR 2.19 billion ($584 million), Kallanish learns from parent company Sabic. The steelmaker also turned to a SAR 179.3m income from operations versus a SAR 657.4m loss a year earlier.
Hadeed thus helped prop up Sabic’s financial performance in Q4 as its main, petrochemicals business registered a slight drop in both revenue and income…
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Anonymous
Very good overview of the weekly steel market.
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