03
Jun
10:26
Saudi's East Pipes bags record-high Aramco contract
Saudi Arabia-based East Pipes Integrated Company (EPIC) has signed a record contract with Saudi Aramco for the manufacture and supply of steel pipes worth more than SAR 1.65 billion ($440 million), including 15% VAT, Kallanish understands.
According to a stock exchange filing, the latest contract was signed on 3 June and will run for 19 months without third-party involvement. Its financial impact will appear from January 2025 to the first calendar quarter of 2026.…
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Anonymous
Very good overview of the weekly steel market.
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