08
Mar
09:18
ISL boosts revenue despite lower prices, US slump
International Steels Limited (ISL) increased net sales 18% on-year in the second fiscal quarter through December 2018 (FQ2) to PKR 13.55 billion ($97 million). This was despite reduced international steel prices and increased low-priced imports into Pakistan from China and Russia, which pressured ISL to lower prices.
However, due to margin pressure from exchange rate fluctuation and international steel price volatility, as well as increased finance cost, net pro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous