04
Jun
10:30
Aramco awards G5PC second contract in a week
Saudi oil giant Aramco has awarded Dammam-based pipe maker Group Five Pipe Saudi a second contract in the last week. The latest deal was inked on 2 June for the supply of spiral-welded steel pipe worth around SAR 1.3 billion ($346.6 million), including 15% VAT, Kallanish notes.
The contract will run for 12 months, with the financial affect to be seen from the third quarter of the 2025 fiscal year, G5PC says in a bourse filing.
Since the start of the month, Aramco…
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Anonymous
Very good overview of the weekly steel market.
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