19
Sep
17:47
Hadeed seeks captive ore to alleviate margin pressure
Saudi Iron & Steel Company (Hadeed) is securing captive iron ore and optimising costs. This is in order to mitigate the impact of raw materials and energy prices rising far in excess of steel prices, according to Hadeed president Salah Al Ansari.
Feedstock is a major component of steelmaking cost. “It is a business that we need to make profitable in order to make it sustainable,” Al Ansari said at the first Saudi International Iron & Steel Co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous