27
Jan
00:00
Project delays hit pipe output, see Arabian Pipe Co. sink to Q4 loss
The postponement of some Saudi construction projects to 2015 led to the suspension of production at Arabian Pipe Company (APC)’s 300,000 tonnes/year capacity Jubail pipe mill in the fourth quarter of 2014, Kallanish learns from the pipemaker.
This, along with other factors, resulted in a net loss in Q4 of SAR 20.27m ($5.39m) compared to a SAR 37.87m profit in the year-earlier quarter. Lower sales prices owing to increased competition, a lack of orders,…
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Anonymous
Very good overview of the weekly steel market.
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