05
Mar
11:19
Pakistan's Crescent expects orders but also economic slowdown
Crescent Steel & Allied Products has secured orders for pipe coating and soon expects results from various gas company tenders, but idling is anticipated between orders. The firm says Pakistan’s economy is on course for a slowdown, indicated by government measures including monetary tightening.
Crescent’s bare pipe sales plunged -90% on-year in the December-2018 quarter to PKR 261.2 million ($1.9m), while pipe coating sales zeroed versus PKR 476.…
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Anonymous
Very good overview of the weekly steel market.
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