04
Jan
10:36
Saudi's G5PS seals first Aramco contract of 2024
Dammam-based pipe manufacturer Group Five Pipe Saudi (G5PS) has signed its first contract of the year with oil giant Saudi Aramco for the supply of spiral-welded steel pipe, notes Kallanish.
The contract, which runs for two months, is worth more than SAR 34 million ($9.06m), including 15% VAT, and involves no third parties. Financial impact will be felt from the third quarter of 2024, G5PS says in a bourse filing.
In the second half of 2023 alone, the value of th…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous