08
Nov
11:31
Saudi Steel Pipe halves exports
Saudi Steel Pipe (SSP)’s exports halved on-year in the nine months through September to SAR 15.9 million ($4.24m), thus accounting for 3.1% of overall sales versus 7% in the year-earlier period.
SSP’s overall nine-month revenue rose 12% on-year to SAR 515m and net loss narrowed 64% to SAR 24m (see Kallanish passim). The firm’s share of profit in affiliate Global Pipe Company rose to SAR 6.12m compared to a SAR 5.54m loss a year earlier. The cha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous