Thursday 10 July 2014
 
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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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New Jubail plant to boost Hadeed growth

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

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Italy's Danieli to build steel plant for Sabic

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

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Sabic plans to triple steel capacity

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

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Sabic cuts steel prices

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

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Safco, Hadeed to build steel plant

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

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