31
May
01:00
Pakistan's Amreli Steels plans IPO to double production capacity
Pakistani rebar producer Amreli Steels plans to carry out an initial public offering (IPO) in June in order to raise funds to double production capacity, the firm’s director, Hadi Akberali, says in a Bloomberg interview.
The IPO is seen raising up to PKR 4 billion ($39 million) to finance a capacity increase to 450,000 tonnes/year. This will cater for an expected demand boom fuelled by higher remittances and consumer spending. In April China signed dea…
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Very good overview of the weekly steel market.
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