27
Feb
10:13
Export slump slashes IIL production
International Industries Limited (IIL) reported a -24% on-year slump in pipe sales in the six months through December 2019 to PKR 9.3 billion ($60.3 million). It turned to a net loss before tax of PKR 236.6m versus a profit a year earlier of PKR 839.4m.
The period was characterised by a slowdown in Pakistan’s economic growth and underperformance of the automotive, construction and steel sectors, IIL says. Higher costs of financing, gas input and freight…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous