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Saudi steel producers feel the heat as stockpile rises and prices slide

Weak demand at home, lower prices abroad and higher stockpiles continue to pressure Saudi steel producers, whose move to cut prices has yielded nothing so far, reports the London-based Al-Sharq al-Awsat. The country’s steel inventory continued its surge since the ...

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CMC top management visits Saudi Steel

Saudi Steel Profile Company, established in 1993, is a wholly-owned subsidiary of ASB Group (Ahmed Salem Bugshan) that has assets in excess of SAR 5 billion under management. Saudi Steel Profile manufactures wide range of steel profile products that includes ...

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