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.
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
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
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
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
Hadeed, the manufacturing affiliate of Saudi Basic Industries Corporation (Sabic), said it will become self-sufficient in feedstock, intermediate and finished products with the opening of the new steel plant at Jubail in the second half of 20
Saudi Basic Industries Corp's (Sabic) affiliate Hadeed said on Sunday it had signed a deal with Italian foundry equipment maker Danieli for the construction of a steel plant in Saudi Arabia.
The plant would have a production capacity for s
Saudi Basic Industries Corp's metals group said it will more than triple steel production capacity to 17 million tonnes by 2020 through acquisitions and the building of new plants.
Sabic's ambitious capex plans come despite a forecast of w
Saudi Basic Industries Corp (Sabic), the Gulf's largest steel maker, will slash some prices from Monday amid signs of slowing demand.
Sabic, whose subsidiary Hadeed is the kingdom's largest steel maker, said in a statement prices of reinfo
Saudi Arabian Fertilizers Co (Safco) said on Sunday it has signed a deal with a steel unit of Saudi Basic Industries Corp to set up a steel plant with a capacity of 1.7 million metric tonnes a year.
Safco and Hadeed would jointly build the