Write a one-page report on the economy of the Saudi steel pipe company (1320.SR) and have you been affected by the Corona pandemic?

Saudi steel pipe company has been adversely affected by the coronavirus pandemic because the overall growth rate of the company has slowed down and the ability of the company to perform the operations with other countries has also consistently been under pressure due to the coronavirus concern and due to lockdown which has been implemented by major countries.

The coronavirus pandemic led to a higher degree of risk related to slower growth of the Saudi Arabian economy and the Steel sector and the metal sector as a whole and it led to a risk related to lower growth as well as there was higher risk associated with the credit risk and there was a risk associated with lack of loans available in the market and lack of liquidity available in the market for the profitability of the company has slowed down and the future trajectory of the growth has also slow down for the company due to this loan as in the micro factors as well as macro factors.

This can be attributed to higher uncertainty and that is associated with the impending recession in the global market and the Steel sector as well as the metal factor has been performing poorly due to higher cost and lack of recovery.