Thursday 1 September 2016
 
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Saudi steel firm Hadeed cuts costs as prices weigh

Saudi Iron and Steel Company (Hadeed), the metals affiliate of Saudi Basic Industries Corp (Sabic), will continue cutting its costs until end-2016 as it does not expect global steel prices to recover for two to four years, an executive said.

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Saudi steel firm Hadeed cuts costs as prices weigh

Saudi Iron and Steel Company (Hadeed), the metals affiliate of Saudi Basic Industries Corp (Sabic), will continue cutting its costs until end-2016 as it does not expect global steel prices to recover for two to four years, an executive said.

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Sabic steel products sales total 6m tonnes

Saudi Basic Industries Corporation (Sabic) meets half the local demand for steel products, with sales reaching around 6 million metric tonnes a year, a senior executive said. "Sabic is the first company in the region to offer

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Sabic may review Hadeed expansion plans

Saudi Basic Industries Corporation (Sabic) is likely to review the planned expansion of the Saudi Iron and Steel Company (Hadeed), its metals affiliate, following a decline in steel prices. Sabic chief executive Mohamed Al Mady to

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Sabic may review Hadeed expansion plans

Saudi Basic Industries Corporation (Sabic) is likely to review the planned expansion of the Saudi Iron and Steel Company (Hadeed), its metals affiliate, following a decline in steel prices. Sabic chief executive Mohamed Al Mady to

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Sabic plans to lift steel capacity to 10m tonnes

Saudi Iron and Steel Co (Hadeed), the metals affiliate of Saudi Basic Industries Corp (Sabic), plans to add 4 million tonnes of annual steel output capacity to reach 10 million tonnes by 2025, an executive said. "Sabic's

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Alba, Saudi group discuss safety standards

Aluminium Bahrain (Alba) recently hosted a delegation from Saudi Iron and Steel Company (Hadeed), a wholly-owned subsidiary of Saudi Basic Industries Limited (Sabic), and held key discussions on promoting safety standards across the organisation

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Safco, Hadeed cancel steel plant plan

Two affiliates of Saudi Basic Industries Corp (Sabic) have cancelled a plan to build a steel plant in Jubail Industrial City after feasibility studies were 'not encouraging.'     One of the affiliates, Saudi Ar

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Saudi steel demand seen rising 8pc

Demand for steel in top oil exporter Saudi Arabia is expected to rise this year by 8 percent with consumption nearing 6.4 million tonnes, Saudi Arabian Basic Industries (Sabic) said on Wednesday.    Saudi Arabian authoritie

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Sabic to hike steel rebar prices

State-controlled Saudi Basic Industries (Sabic) will raise prices of steel rebar and wire rod by SR100 ($26.7) per tonne as of Monday, the company said. Higher iron ore and scrap metal costs led to the increase, Sabic's vice-chairman f

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