04
Dec
09:31
Saudi's East Pipes inks Aramco steel pipe contract
Saudi Arabia-based East Pipes Integrated Company (EPIC) has won a contract from Saudi Aramco to manufacture and supply steel pipes worth more than SAR 153 million ($40.8m), including 15% VAT.
Since 1 April 2023, the start of the fiscal year, the total value of EPIC’s contracts with Aramco has exceeded SAR 2.35 billion, Kallanish notes.
The latest contract was signed on 30 November, with a time duration of eight months, according to a stock exchange filing.…
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Anonymous
Very good overview of the weekly steel market.
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