26
Jun
14:22
Arabian Pipes Co. bags huge Aramco order
Arabian Pipes Company (APC) has won a whopping SAR 383 million ($102.1m) contract to supply welded pipe to Saudi Aramco. Product will be produced at the Jubail mill and supplied from December 2016 to July 2017, Kallanish notes.
This represents APC’s seventh and largest contract award from Saudi Aramco since last October. Despite the numerous contract awards, an on-year decline by -61% in revenue resulted in APC’s net loss deepening by -73% in the fir…
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Very good overview of the weekly steel market.
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