13
Apr
09:11
Saudi Hadeed's production grows, sales shrink
Saudi Iron & Steel Company (Hadeed) reported a 3% on-year hike in 2021 production to 4.6 million tonnes; however, sales declined 5% to 4.4mt, Kallanish notes.
The firm has a 3.8m t/year of long and 2m t/y of flat steel rolling capacity.
Parent company Sabic says local and global demand for its products should recover in 2022 amid the recovery from the Covid-19 pandemic.
In 2021, Hadeed developed ASTM A570 Grade 45 hot-rolled steel for lower thickne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous