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Sabic cuts retail rebar prices by $53

The Saudi Basic Industries Corporation (Sabic) has announced a reduction of SR200 ($53) per tonne in the retail price of rebar in all regions of the kingdom, effective September 1. Abdulaziz Sulaiman Al Humaid, Sabic executive vic

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Sabic cuts retail rebar prices by $53

The Saudi Basic Industries Corporation (Sabic) has announced a reduction of SR200 ($53) per tonne in the retail price of rebar in all regions of the kingdom, effective September 1. Abdulaziz Sulaiman Al Humaid, Sabic executive vic

More…

Sabic cuts retail rebar prices by $53

The Saudi Basic Industries Corporation (Sabic) has announced a reduction of SR200 ($53) per tonne in the retail price of rebar in all regions of the kingdom, effective September 1. Abdulaziz Sulaiman Al Humaid, Sabic executive vic

More…

Steel prices hit as global output surges

Global crude steel production rose at an annual 2.2 per cent rate in May as output in China hit new record levels and North American and European mills cranked up production, industry data showed, pressuring prices the world over.

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Sabic to slash steel price again

Saudi Basic Industries Corporation (Sabic), the Gulf's largest steel maker, said on Saturday it will cut reinforcing bar (rebar) prices, a third cut since September amid signs of slowing demand. Sabic, whose subsidiary Hadeed is the kingdo

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Abu Dhabi steel prices surge 91pc in H1

Steel prices in Abu Dhabi soared 91 per cent in the first half of 2008 as demand for construction materials drained the local market, official data showed on Sunday. Building material suppliers are struggling to keep up with demand as the

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UAE steel prices down 15pc

Steel prices in the United Arab Emirates have dropped about 15 per cent since the end of July as a decline in global prices coincided with the summer lull in the desert country, traders said on Sunday. A tonne of reinforcing steel bar (reb

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Qatar freezes steel, cement prices

Qatar plans to freeze the price of steel and cement for three years and extend a diesel subsidy as it seeks to tackle near-record inflation, a report said. States across the world's biggest oil-exporting region, including Qatar,

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