05
Feb
14:13
APC wins large Aramco contract
Arabian Pipes Company (APC) has won a mammoth SAR 229 million ($61.1m) contract to supply Saudi Aramco with longitudinal submerged arc welded (LSAW) pipe. Product will be supplied from APC’s Jubail mill from the third quarter.
In the nine months through September 2018 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 higher cost of sales (see Kallanish passim). In t…
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Anonymous
Very good overview of the weekly steel market.
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