06
Apr
11:09
SSP focuses on domestic market as exports halve
Saudi Steel Pipe (SSP) re-orientated itself to the domestic market last year. Revenue from sales in Saudi Arabia surged 23% on-year in 2017 to SAR 665.5 million ($177.47m), while export sales more than halved to SAR 30.9m.
Consolidated revenue rose 15% in 2017 to SAR 696.42m (see Kallanish 22 March). Of this, 89% was generated by the steel pipes segment, with the balance coming from the process equipment segment. The latter manufactures heavy process equipment f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous