10
May
13:02
Mughal diversification boosts earnings, foresees strong post-Covid-19 demand
Government spending on CPEC projects and to address the housing shortage will boost Pakistani steel demand in the medium term, says Mughal Steel. State incentives for the construction and development sector will also be supportive, but the expected broader recovery hinges on the Covid-19 pandemic trajectory.
Mughal’s net sales in the third fiscal quarter through March surged 44% on-year to PKR 10.37 billion ($68.2 million), with exports ballooning to PKR 2.0…
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