23
May
11:02
Saudi Steel Pipe inks contract with Aramco
Saudi oil giant Aramco has awarded Saudi Steel Pipe Company (SSPC) a steel pipe supply contract worth SAR 97 million ($25.8m), Kallanish notes.
The agreement was inked on 22 May, with the duration indicated as ten months. According to a bourse filing note, its financial impact is expected to materialise in the first and second quarters of 2023.
Dammam-based SSPC is a vendor of Saudi Aramco matching the localisation criteria for its highest overall …
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Very good overview of the weekly steel market.
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