22
May
13:35
East Pipes inks record contract with Aramco
Saudi Arabia's East Pipes Integrated Company for Industry (EPIC) has inked a record-value contract with Saudi oil giant Aramco for manufacturing and supplying steel pipe. The deal is worth in excess of SAR 1.8 billion ($480 million) including 15% VAT, Kallanish notes.
The contract duration is 12 months, with financial impact to be seen from September 2023 until June 2024.
East Pipes has a 500,000 tonnes/year helical submerged arc welded (HSAW) pipe …
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Anonymous
Very good overview of the weekly steel market.
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