02
Aug
15:54
Hadeed sales surge again in second quarter
Saudi Iron & Steel Company (Hadeed) saw sales surge 52% on-year in the second quarter to SAR 2.86 billion ($762.7 million), Kallanish learns from parent company Sabic. The steelmaker also turned to a SAR 135.4m net income attributable to Sabic equity holders versus a loss of SAR 482.5m in the year-earlier quarter.
Coupled with a 31% increase in petrochemicals segment revenue, this helped boost Sabic’s consolidated sales 26% in Q2 to SAR 43.28 billion, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous