11
Oct
13:21
Pakistani pipemaker foresees CPEC slowdown, seeks bookings
Crescent Steel & Allied Products expects Pakistan’s new government to curtail China-Pakistan Economic Corridor (CPEC)-related projects, thereby dampening growth, while input costs will continue to increase. The firm says its focus remains on booking capacity, ".. .even if at marginal costing."
The firm’s pipe production declined -43% on-year in the fiscal year through June 2018 (FY18) to 50,215 tonnes due to project delays. Line pipe co…
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Anonymous
Very good overview of the weekly steel market.
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