25
May
07:26
Arabian Pipes secures Aramco pipe supply contract
Riyadh-based Arabian Pipes Company (APC) has signed a SAR 100 million ($26.6m) contract to supply steel pipe to Saudi Aramco, Kallanish notes.
According to a bourse filing, the contract duration is indicated as ten months, and the financial impact will be from the first quarter of 2023 until Q2 2023.
Aramco awarded APC three contracts in Q4 2021 for steel pipe supplies totalling SAR 639m ($170.4m), with financial impact to appear fro…
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Very good overview of the weekly steel market.
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