wiredInUSA September 2017

Price rise

Italian job

A ‘Steel mills of the world’ report reveals that Saudi Iron and Steel Company (Hadeed) has announced an increase in its rebar and wire rod prices. The price of rebar for the domestic market increased by $40 per tonne to $533 per tonne. The new wire rod price has also been adjusted to $533 per tonne, up by $40 per tonne compared with the company’s last announced prices.

South Korean manufacturer LS Cable & System has agreed an optical cables supply deal in Italy. The contract, signed with Italy’s Open Fiber telecoms network, is estimated to be worth $17.6 million and to be the largest amount of optical cables exported by a Korean company. LS will provide optical cables for Open Fiber’s network construction project until 2018. Open Fiber, owned by the state- controlled utility company Enel and Italian state lender Cassa Depositi e Prestiti, is currently constructing a high speed network to connect 40 Italian cities. In April 2017 LS established a sales unit in France to cover the European region. LS Cable & System’s president, Myung Roe- hyun, said that theofficeplayedasignificant part in securing the latest contract, and: “…Expects to win more supply deals in the region during the second half of this year.”

wiredInUSA - September 2017

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