VOL. XLIII

No. 24

12-June-2000

SAUDI ARABIA

SABIC To Close Jiddah Steel Rolling Mill

Saudi Basic Industries Corporation (SABIC) announced on 5 June that it would be shutting down its 140,000 ton/year steel rolling mill in Jiddah (Sulb) this year. Sulb is fully-owned by the Saudi Iron and Steel Company (Hadeed) which in turn is owned by SABIC. A company statement said that while the plant had been modernized and developed in the past, its location next to the Saudi Aramco refinery meant that...