07
Mar
10:04
Saudi Steel Pipe export profitability rises in 2016
Saudi Steel Pipe (SSP)’s export sales dipped -1% on-year in 2016 to SAR 65.1 million ($17.36m), but the gross profit they generated rose 18% to SAR 12.42m, Kallanish learns from the welded pipemaker.
This compares with a -29% drop in domestic sales in 2016 to SAR 562.3m and a -45% fall in gross profit to SAR 46.96m.
In January SSP said its 2016 net profit was hampered by losses at affiliate Chemical Development Company and a write-off of fixed…
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Anonymous
Very good overview of the weekly steel market.
Anonymous