13
Aug
01:00
Tenaris sees Aramco returning to tenders after year hiatus
OCTG demand should be boosted in 2016 by the return to tendering of Saudi Aramco, as well as increasing tender activity in Kuwait and Abu Dhabi, according to Tenaris. Shipments are seen remaining low for the rest of 2015 due to ongoing Saudi destocking activity.
The pipemaker posted a -39% on-year decline in second-quarter sales in the Middle East and Africa to $340 million due to the destocking. These sales were, however, up 8% on Q1 due mainly to high…
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Anonymous
Very good overview of the weekly steel market.
Anonymous