Dammam based Saudi Steel Pipe has swung into black during the first half of 2022 with SAR 26 million (USD 7 million) profits as compared to loss of SAR 16.7 million in the H1 of 2021. Saudi Steel Pipe has attributed its performance to an increase in gross profit to SAR 56.23 million, as well as a decrease in the share of loss in subsidiaries and lower administrative expenses.TenarisSaudiSteelPipes is a leading manufacturer and supplier of electrically resistance welded steel pipes for the energy, industrial, and construction segments of the Middle East and North Africa. TenarisSaudiSteelPipes offers oil and gas customers a full range of products including Oil Country Tubular Goods, Line pipe, API and Premium Connections and related accessories and services. It also serves customers in the industrial and construction segment with a wide range of black and galvanized pipes.
Dammam based Saudi Steel Pipe has swung into black during the first half of 2022 with SAR 26 million (USD 7 million) profits as compared to loss of SAR 16.7 million in the H1 of 2021. Saudi Steel Pipe has attributed its performance to an increase in gross profit to SAR 56.23 million, as well as a decrease in the share of loss in subsidiaries and lower administrative expenses.TenarisSaudiSteelPipes is a leading manufacturer and supplier of electrically resistance welded steel pipes for the energy, industrial, and construction segments of the Middle East and North Africa. TenarisSaudiSteelPipes offers oil and gas customers a full range of products including Oil Country Tubular Goods, Line pipe, API and Premium Connections and related accessories and services. It also serves customers in the industrial and construction segment with a wide range of black and galvanized pipes.
