19
Jan
11:50
East Pipes signs $267m water pipe supply deal
Saudi Arabia's East Pipes Integrated Company for Industry (EPIC) has signed a contract exceeding SAR 1 billion ($266.7 million), including VAT, for the supply of steel pipe to Saline Water Conversion Corporation, Kallanish notes.
The contract duration is 30 months, with financial impact to be reflected between the first quarter of the fiscal year through March 2025 and the second quarter through the fiscal year through March 2027.
Last month, the pipemaker si…
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Very good overview of the weekly steel market.
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