20
Aug
13:21
Saudi Steel Pipe suspends output for maintenance
Saudi Steel Pipe (SSP) has suspended production for three-week scheduled maintenance works starting 19 August, Kallanish learns from the pipemaker.
The pipemaker saw revenue in the first half of 2018 rise 14.9% on-year to SAR 333.4 million ($88.9m), although the firm posted a net loss of SAR 41.86m versus a profit last year of SAR 17.9m (see Kallanish passim). Although shipments rose 15%, finances were hampered by an impairment at the bending unit, TSM Arabia an…
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Very good overview of the weekly steel market.
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