06
Aug
09:23
Aramco awards steel pipe contract to Arabian Pipes
Saudi Arabian Pipes Company (APC) has signed a contract for steel pipes with oil giant Aramco, Kallanish notes.
The latest contract, worth around SAR 107 million ($28.5 million), was signed on 4 August for a period of 11 months, APC said in a stock exchange filing.
According to the pipemaker, there is no third-party involvement in the agreement and the financial impact will be felt from the second quarter of Q2 2025.
The pipe maker increased its revenue 22.3% on…
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Anonymous
Very good overview of the weekly steel market.
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