13
Sep
15:28
IIL reduces sales, sees prolonged economic slowdown
International Industries Limited (IIL) expects Pakistan’s post-election economic malaise to last up to two years given the “… severity of the current correction.”
“As such, we expect domestic demand for steel to remain at current levels until the economy can fully adjust to the post-IMF economic realities as both loss in domestic consumers’ purchasing power due to PKR devaluation and high interest rates will keep economic gro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous