06
Sep
01:00
Pakistani pipemaker to meet demand uptick with new capacity investment
Crescent Steel & Allied Products plans capital expenditure of PKR 1.5 billion ($14.4 million) to increase production capacity in preparation for an expected uptick in local line pipe demand, the Pakistani pipemaker says.
The firm’s steel division saw bare pipe production in the fiscal year through June 2015 (FY15) plummet -72% on-year to 2,837 tonnes, while capacity utilisation averaged at a mere 3.2% versus 24% a year earlier. Pipe coating output …
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Very good overview of the weekly steel market.
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