Saudi Steel Pipe says facilities operating at lower capacity

Saudi Steel Pipe Co. (SSP) said production facilities are operating at a lower capacity amid the government’s precautionary measures to contain coronavirus outbreak.

The company said in a bourse statement that it is presently difficult to assess the financial impact of the measures, noting any updates will be disclosed in due course.

On the private sector’s support packages, SSP said it is working closely with relevant authorities to identify the support mechanism and feasibility.