SABIC may cut steel prices on abundant inventory, says CEO

27/01/2015 Argaam

SABIC may cut steel prices in case of oversupply, said Mohamed Al-Mady, chief executive of the company.

​Prices, however,​ are currently stable, he added.


The petrochemicals producer is monitoring the market’s demand in line with its steel inventory, he was quoted as saying in Okaz newspaper.

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