31
Mar
01:00
Oil price slump to hit Saudi Steel Pipe order-book, new pipe mill launch delayed: bank
Saudi Steel Pipe Company (SSP)’s order-book will be negatively affected by the decline in oil prices which has impacted key customer Saudi Aramco, according to investment bank NCB Capital (NCBC). The start of commercial production at SSP’s new 120,000 tonnes/year pipe mill, meanwhile, is seen being delayed until July.
Aramco is soon expected to announce its five year pipes demand plan, which will be a key catalyst for the pipe sector. “Howe…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous