08
Oct
11:35
Mughal Steel sales decline, foresees 'V-shaped' recovery
Mughal Steel says Pakistan’s economy should see a “V-shaped” recovery from the Covid-19 crisis, while lower interest rates should improve its profitability in the current fiscal year. It still expects its bar and sections capacity expansion to be commissioned by end-2020. Billet output grew but finished products declined on-year in the fiscal year through June 2020 (FY20).
Crude steel output rose 29% last fiscal to 225,330 tonnes, while roll…
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Anonymous
Very good overview of the weekly steel market.
Anonymous