13
Dec
14:54
APC wins Aramco contract
Arabian Pipes Company (APC) has won a SAR 49 million ($13.07m) order to supply steel pipe to Saudi Aramco. Deliveries from APC’s Riyadh plant will commence in the second quarter of 2019.
In the nine months through September APC saw revenue rise 28% on-year to SAR 473.9m but the firm slumped to a net loss of SAR 33.6m versus a SAR 7.3m profit due to the higher cost of sales (see Kallanish passim). In the third quarter the firm experienced an increase in pri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous