18
Aug
09:27
Saudi Steel Pipe first-half exports plummet
Saudi Steel Pipe (SSP) saw exports slump -53% on-year in the first half of 2020 to SAR 4.79 million ($1.28m). They thus accounted for 2.5% of overall revenue versus 2.8% in H1 2019, Kallanish notes.
Lower deliveries and product mix slashed SSP’s second-quarter revenue -55% on-year to SAR 72.63m, while net loss deepened 166% to SAR 27.02m (see Kallanish passim).
H1 sales fell -45% on-year to SAR 194.97m, with net loss deepening 355% to SAR 44.8m. One major …
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Anonymous
Very good overview of the weekly steel market.
Anonymous