04
Mar
11:35
Aisha Steel expects price improvement after loss-making quarter
Aisha Steel Mills (ASML) says prices will be kept stable by the supply-demand balance created by China’s elimination of obsolete capacity and enforcing of capacity cuts to reduce pollution. The firm’s galvanizing line and batch annealing furnaces should be commissioned by end-March, with the cold rolling capacity expansion to be completed in the June quarter.
In the December-2018 quarter ASML’s revenue fell -14% on-year to PKR 4.51 billion…
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Anonymous
Very good overview of the weekly steel market.
Anonymous