03
Oct
11:26
Amreli increases sales, foresees local, export demand growth
CPEC-related investments are boosting Pakistan’s domestic steel demand, while exports should perform well thanks to rupee depreciation, global demand recovery, fiscal export incentives, and easing power supply. This is according to long steelmaker Amreli Steels, which also adds that challenges, however, remain.
Depleting foreign exchange reserves, a weaker rupee, a high fiscal deficit coupled with current account deficit, and a potential water crises …
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Anonymous
Very good overview of the weekly steel market.
Anonymous