More Saudi Arabia steel firms report losses amid lower prices, economic slowdown

More Saudi Arabia-based steel firms have released financial statements in recent days that reflect a challenging environment for markets in the country.

Riyadh-based steelmaker Watani Iron Steel and fabricator Bena Steel Industries both reported losses in the first half of 2023, blaming lower sales volumes and steel prices.

These results followed the...


Lee Allen

September 01, 2023

18:00 GMT