Last Update: 26/04/2010 11:00:57 ArabSteel - Universal Metal Coating Company Ltd. (Unicoil) based in Jubail Industrial City, Saudi Arabia, showed positive production and sales figures for Q1, 2010. The company produces CR, galvanized and coated coils. Unicoil marked a production of 66,000t in Q1, 2010 as compared to 58,000t for the same period of 2009, thus rising by 13% according to information «ArabSteel» got from company sources. Meanwhile, sales amounted up to 43,000t in Q1 2010 as compared to 36,400t for the same period of 2009, i.e. an increase by 18%. This increase comes as a result of two factors: the improvement in steel quotes during March 2010 compared to the same month of the past year by around 10% in connection with galvanized material, and nearly 15% with regard to coated material; whereas the second factor manifests itself through the increase in local demand. In this context, the company sales to the local market in Q1 2010 were up to a little more than 36,000t versus 30,000t for the same period of 2009, which is an increase by 20%. Unicoil produced 221,438t in 2009 of galvanized and coated steel, whereas this figure was 243,793t in 2008, declining by 9% y-o-y. It's also worth mention that Unicoil has a capacity of 250,000t per year of CRC, 250,000t of galvanized and 210,000t of coated coils.
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Universal Metal Coating Company
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