05
Mar
11:37
Mughal expects further cost increase, hikes sales
Mughal Steel foresees further growth in input costs due to the rupee devaluation and increase in average scrap consumption rate. The firm is continuing to focus on becoming more self-sufficient in billet.
The firm plans to commission its “Phase 2” billet and rebar capacity expansion by end-June (see Kallanish passim). Mughal currently has a 546,000 tonnes/year induction-furnace based melting capacity that will rise to 942,000…
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Anonymous
Very good overview of the weekly steel market.
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