28
Jan
00:00
Saudi Aramco project postponements on oil slump could hit pipemakers
Oil giant Saudi Aramco, on which Saudi welded pipemakers and their coil feedstock suppliers are dependent for demand, will renegotiate some contracts and postpone some projects due to the oil price slump, Kallanish learns.
"We will have to adjust to the realities of today; we will push some projects into the future, we will stretch some of them, we will renegotiate some contracts," Aramco chief executive Khalid Al-Falih said on Tuesday at a confere…
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Anonymous
Very good overview of the weekly steel market.
Anonymous