05
Oct
07:16
Saudi’s APC secures steel pipe supply contract
Riyadh-based Arabian Pipes Company (APC) has been awarded by McDermott Arabia Company, a subsidiary of McDermott, with a SAR 450 million ($120m) steel pipe supply contract, Kallanish notes.
According to a bourse filing, the contract duration is 12 months and was signed off on 3 October, without third parties involved.
The contract's financial impact and relevant period will be from the third quarter, the pipemaker adds.
The pipemaker…
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Very good overview of the weekly steel market.
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