06
Aug
13:09
Prices hit Welspun's Saudi JV, foresees demand rebound
Saudi Arabia's East Pipe Integrated Company (formerly known as Welspun Middle East Pipes Company) expects demand to recover after the firm was hampered by higher steel prices in the second quarter. It nevertheless saw an on-quarter rebound in production and sales in Q2.
Q2 pipe production rose 12% on-quarter to 36,000 tonnes, whereas pipe sales doubled to 34,000t. Compared to Q2 2020, output surged 69% but sales fell 17%, Indian joint venture partner Welspun s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous