13
Mar
13:53
Aisha Steel Mills returns to profit
Pakistan-based cold roller Aisha Steel Mills (ASML) returned to profit in its fiscal first-half. It posted PKR 132 million ($477,697) for the six months ended December 2023 (6M), reversing a net loss of PKR 2.09 billion in the year-earlier period, Kallanish notes.
Gradually improving mill operations contributed to the earnings. “Average inventory and hot rolled coil costs are also reaching optimal values, after the stuck up expensive carry forward inventorie…
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Anonymous
Very good overview of the weekly steel market.
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