30
Nov
00:00
Oil investment, construction sector normalisation set to benefit Saudi pipemaker in 2015: bank
Saudi Steel Pipe Company (SSP) should see earnings grow threefold in 2015 versus this year, according to investment bank NCB Capital. The increase is due to its new medium diameter (MD) pipe mill, investment by Saudi Aramco into increased oil production and normalisation in the Saudi construction sector, NCB says.
SSP’s capacity utilisation and margins stand to benefit from Aramco’s plans to invest $400 billion in more oil production over the nex…
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Anonymous
Very good overview of the weekly steel market.
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