24
Feb
13:22
Welspun foresees Saudi oil demand, IPO by September
Welspun Middle East Pipes Company (WMEP) has an orderbook of 163,000 tonnes and clear business visibility till the September quarter, says Indian parent Welspun. It expects further opportunities given the pick-up in oil prices. The Saudi firm’s listing is on course for completion by end-September.
The Dammam-based pipe mill’s sales and output fell 1% and 17% respectively on-quarter in the December quarter to 97,000 tonnes and 88,000t. Revenue was howev…
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Anonymous
Very good overview of the weekly steel market.
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