12
Nov
08:03
APC bags second Aramco order in two months
Arabian Pipes Company (APC) has won a SAR 68 million ($18.1m) contract to supply 460km of welded pipe to Saudi Aramco, Kallanish learns from the Saudi pipemaker. Deliveries from the firm’s Riyadh-based pipe mill will begin in the first quarter of 2016.
APC’s loss narrowed 20.3% on-year in the third quarter to SAR 8.93m, despite a decline in revenue, thanks to the restart of its Jubail mill which reduced fixed costs (see Kallanish 20 October). Nine-mo…
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Anonymous
Very good overview of the weekly steel market.
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