19
Jul
14:58
SSP wins new contract
Saudi Steel Pipe Company (SSP) has won a contract to supply oil & gas pipe at a value exceeding 5% of its 2018 revenue, the welded pipemaker says in a note seen by Kallanish. Production and financial impact will occur in the second quarter of 2020.
Unlike usual, the firm did not specify the exact value of the contract or the buyer of pipe, although it is likely to be its main customer, Saudi Aramco.
SSP revenue in 2018 fell -7.2% on-year to SAR 646.2…
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Very good overview of the weekly steel market.
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