11
Oct
12:25
Arabian Pipes bags $18m deal to supply Aramco
Arabian Pipes Company (APC) has won a SAR 68 million ($18.1m) contract to supply 89km of welded steel pipe to oil giant Saudi Aramco, Kallanish learns from the Saudi pipemaker. Deliveries from APC’s Jubail plant will begin in the second quarter of 2016.
APC’s net loss narrowed 29.4% on-year in the first half of 2015 to SAR 14.73m, while gross profit surged 67.2% to SAR 24.4m (see Kallanish 22 July). The improved results were due to the restart of pro…
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Anonymous
Very good overview of the weekly steel market.
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