Riyadh Steel’s net profit up sharply in H1 on higher prices

Saudi Arabian steel producer Riyadh Steel Co. reported a 145.8pct YoY increase in net profit to SAR 6.03 mln (USD 1.61 mln) in the first half of 2026. Revenue declined 15pct YoY to SAR 70.1 mln (USD 18.7 mln), mainly due to lower sales volumes. However, higher selling prices and lower raw material costs significantly [...]