04
Nov
15:10
Amreli maintains sales increase target despite demand contraction
Various domestic factors have offset the beneficial effect on margins of lower scrap prices, says Pakistani steelmaker Amreli, but the firm still intends to increase shipments 25% on-year this fiscal year (FY20). Rebar demand is seen improving towards the second half of FY20.
The factors negatively affecting performance are increased interest rate, rupee/dollar parity, fuel charges, industrial sector gas rate hikes and increased transportation cost owing to axle…
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Anonymous
Very good overview of the weekly steel market.
Anonymous