04
Nov
00:00
Lower selling prices deepen Arabian Pipes Company loss in Q3
Saudi Arabian welded pipe producer Arabian Pipes Company (APC) posted a net loss of SAR 11.2 million ($3m) in the third quarter, down from a loss of SAR 4.95m in the same period last year. This was due to lower selling prices as a result of increased competition, Kallanish learns from the company.
APC’s performance was also affected by the postponement of some contracted deliveries in Q3 to the following quarter. An increase in shipping costs for expor…
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Anonymous
Very good overview of the weekly steel market.
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