21
Apr
10:01
Arabian Pipes wins sixth Aramco order since October
Arabian Pipes Company (APC) has won its sixth contract from Saudi Aramco since last October, bagging a SAR 21 million ($5.6m) deal to supply the oil giant with welded pipe. Supply will commence from APC’s Riyadh plant in the third quarter, Kallanish learns from the Saudi pipemaker.
Despite the numerous contract awards, an on-year decline by -61% in revenue resulted in APC’s net loss deepening by -73% in the first quarter to SAR 10.95m (see separ…
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Anonymous
Very good overview of the weekly steel market.
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