09
Nov
10:43
Saudi's SSPC bags steel pipe export order
Saudi Steel Pipe Company (SSPC), a subsidiary of Tenaris, has been awarded a contract by Tenaris Global Services SA (Uruguay) to supply steel pipe for oil and gas operations, Kallanish notes.
According to a stock exchange filing, the value of the contract is SAR 105 million ($28m), with a delivery period of eight months.
The financial impact will be reflected in the fourth quarter of 2023 and the first quarter of 2024, the pipemaker says.
For the first nine mont…
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Very good overview of the weekly steel market.
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