21
Mar
11:09
Saudi Steel Pipe second-half 2017 sales rebound strongly
Saudi Steel Pipe (SSP) reported a 15% on-year increase in revenue in 2017 to SAR 696.42 million ($185.7m), accelerating from 7.7% growth after nine months of 2017 and a -12.2% contraction after six months. Sales were boosted by a significant increase in project-related deliveries.
The Saudi welded pipemaker also turned to a comprehensive profit of SAR 18.06m versus a loss of SAR 44.85m in 2016. This was despite reduced commercial pipe sales and a decline by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous