23
May
08:59
Saudi's APC bags second contract in ten days
Saudi Arabia's Arabian Pipes Company (APC) has bagged two orders from oil giant Aramco during the last ten days to supply steel pipe, Kallanish notes.
The latest contract worth SAR 38 million ($10.13m) was signed off on 22 May with seven months’ duration and financial impact to be reflected in the fourth quarter. Last week, the company bagged a similar pipe supply order from Aramco with a value of around SAR 81m ($21.6m) for ten months’ d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous