04
May
08:58
Aisha Steel Mills expects first profitable year
Pakistani cold roller Aisha Steel Mills (ASML) expects to record its first profitable year in the fiscal year through June 2016 (FY16) thanks to 100% capacity utilisation and favourable demand this quarter.
Average production in the fiscal quarter through March (FQ3) rose 60% on-year to 19,450 tonnes/month, while the quality of cold rolled coil produced reached 97% prime compared to 75% a year earlier.
“The rising trend in the international market and t…
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