10
Aug
09:55
Aramco awards new order to APC
Arabian Pipes Company (APC) has bagged a new steel pipe supply order from Aramco worth SAR 302 million ($80.5m), Kallanish notes.
The contract was inked on 8 August without third-party engagement. According to the pipemaker’s bourse filing, the contract duration is 11 months, with financial impact to be seen in the first and second quarters of 2024.
Aramco alone has awarded SAR 573m in steel pipe contracts to APC in 2023, affecting company earnings in Q4 20…
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Anonymous
Very good overview of the weekly steel market.
Anonymous