Losses deepen at Hadeed on weak prices and low production

摘要

Saudi Iron & Steel Co (Hadeed) recorded gross losses of riyals 524.9 million ($140 million) for the nine months to the end of September 2016. This compared with a profit of riyals 132.4 million in the same period of 2015, according to the quarterly results report of its parent company, Saudi Basic Industries Corp (Sabic).