Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Saudi Arabia-based Arabian Pipes Company (APC) has secured another contract from Saudi Aramco, strengthening its position in the Kingdom’s energy and steel pipe supply chain. According to the company, the new order is valued at around SAR 94 million, or about $25.06 million, and covers the manufacturing and supply of steel pipes for Aramco’s operations. The contract will be executed over a nine-month period, reflecting continued demand for pipe products linked to oil and gas infrastructure in Saudi Arabia. APC said the financial impact of the deal is expected to appear in the third and fourth quarters of 2026, giving the order added importance for its near-term revenue outlook. The latest win also highlights the company’s growing role in serving major domestic energy projects and underlines the strength of local sourcing within Saudi Arabia’s industrial ecosystem. For the steel and tubular products market, the contract signals steady activity in pipeline-related procurement and reinforces confidence in regional demand tied to upstream and midstream investment.
Also Read : Netanyahu Says Israeli Strikes Destroyed 70% of Iran’s Steel Capacity Russia's Nornickel reports a 5% decrease in nickel production in 2023
Indian automaker Tata Motors has revealed plans to increase prices across its range, including elect...
Large Corporate 22-Jan-2024
Stainless Steel Production Rises 5% Globally in Q2 Global stainless steel production rose by 5% in...
China 30-Aug-2025
According to a senior government official, the government is thinking of creating a maritime develop...
Notification 21-Feb-2024
Super Smelters Ltd, a prominent player in India’s steel industry, is setting up a 2 million to...
Business 07-Feb-2026
Tariff Talks Weigh on Cleveland-Cliffs as U.S. and Mexico Near Steel Deal Shares of Cleveland-Cliff...
USA 12-Jun-2025
Industrial expansion fell to 4.9% in April 2025.Manufacturing and mining product...
Business 31-May-2025