25
Nov
12:24
Crescent bags line pipe orders despite tender delays
Crescent Steel & Allied Products has secured line pipe orders for delivery in the December and March quarters, but some projects have not been tendered due to the Covid-19 pandemic, the Pakistani pipemaker says.
The firm’s bare pipe sales soared over nine-fold on-year in its first fiscal quarter through September to PKR 2.05 billion ($12.88 million) and pre-coated pipe sales reached PKR 25.2m versus PKR 1.5m a year earlier. However, pipe coating service …
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Very good overview of the weekly steel market.
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