10
Mar
13:59
Mughal eyes billet self-sufficiency, exports after sales drop
Mughal Steel will continue its focus on further increasing billet self-sufficiency, as well as explore new export markets, the Pakistan steelmaker says.
In the second fiscal quarter through December 2019 Mughal’s sales fell -8% on-year to PKR 7.4 billion ($46.8 million), with net profit slumping -72% to PKR 102.2m. Exports, however, rose to PKR 216.3m from zero in the year-earlier quarter.
Pakistan’s macroeconomic indicators are slowly reverting to a …
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