24
May
12:01
Amreli sales surge but costs result in loss
Slowing economic growth will prove a challenge for Pakistan’s construction sector, while economic uncertainty and the rising cost of business is putting pressure on pricing power, according to Amreli Steels.
The Pakistan rebar maker raised sales 38% on-year in the third fiscal quarter through March to PKR 6.41 billion ($42.2 million). The company turned however to a net loss of PKR 292.8m versus a PKR 472.7m profit a year earlier, although export sale…
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Anonymous
Very good overview of the weekly steel market.
Anonymous