29
Mar
16:23
Saudi’s East Pipes inks water pipe supply agreement
Saudi Arabia-based East Pipes Integrated Company has signed a contract worth SAR 497 million ($132.5m), including VAT, to supply steel pipe for water transport, Kallanish notes.
The contract was signed off on 28 March, with the duration indicated as 365 days, according to a bourse filing.
The financial impact and the relevant period of the contract will be from the second quarter of 2022 until the end of 2023, the pipemaker adds without p…
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Very good overview of the weekly steel market.
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