12
Dec
13:43
SSP wins two Aramco contracts
Saudi Steel Pipe (SSP) has won two contracts worth a combined SAR 75 million ($20m) to supply casing and line pipe to Saudi Aramco, Kallanish learns from the pipemaker. Production will be carried out during the first half of 2019.
In the nine months through September SSP’s revenue fell -5% on-year to SAR 459.9m and the firm sank to a SAR 66m net loss versus a SAR 3.44m profit in the year-earlier period. Among other factors, the firm’s third-quar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous