Saudi Basic Industries Corp
, one of the world s biggest petrochemical
companies, on Thursday posted an almost 17% dip in third-quarter
revenues that swung its earnings into a net loss. .
Leon Topalian, President & CEO of Nucor Corporation, has been elected as Chairman of worldsteel, with T V Narendran, MD & CEO of Tata Steel, chosen as one of its Vice-Chairmen. Jeong-Woo Choi, CEO of POSCO Holdings, was also elected as a Vice-Chairman. Narendran, along with Sajjan Jindal, CMD of JSW Steel, and L N Mittal, Executive Chairman of ArcelorMittal, were appointed to the Executive Committee.
(Page 1) OCI Global to double U.S. production capacity for ‘green’ methanol September 14, 2023 — OCI Global N.V. (Amsterdam, the Netherlands; www.oci-global.com) plans to double its green-methanol production
Saudi sovereign wealth fund PIF has reached an agreement with Saudi Basic Industries Corporation (Sabic) to acquire a 100% stake in Saudi Iron & Steel Company (Hadeed) in a deal worth SAR12.5 billion ($3.3 billion), thus creating a national steel giant.