18
Oct
11:10
Aisha foresees further demand growth after sales surge
Pakistani cold rolled coil and hot-dip galvanized coil demand should rise further, supported by robust auto sector growth and construction sector revival, after growing 13% in the fiscal year through June 2021 (FY21), says Aisha Steel (ASML). Demand is still 25% off the 1.23 million tonne peak seen in FY18.
ASML increased sales 47% on-year in FY21 to 379,622 tonnes, driven by a 60% surge in HDG sales to 179,678t. Overall output was up 31% to 365,274t. Capacity uti…
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Anonymous
Very good overview of the weekly steel market.
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