17
Dec
11:59
APC bags large Aramco contract
Arabian Pipes Company (APC) has won a SAR 174 million ($46.4m) order to supply welded OCTG pipe to Saudi Aramco. The duration of the contract is 1.5 years, with production to be carried out at APC’s Riyadh mill.
Stable production at both its mills, improved margins and increased revenue helped APC return to profit in the third quarter (see Kallanish passim).
In the nine months through September APC saw revenue grow 23% on-year to SAR 581.9m and the fir…
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Anonymous
Very good overview of the weekly steel market.
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