31
Oct
15:49
Pakistani pipemaker foresees order drop as revenue surges
Crescent Steel & Allied Products expects to remain busy carrying out orders in the second fiscal quarter through December (FQ2) but at a slower pace than in FQ1. The firm sees a gap in fresh order intake towards the end of FQ2 and start of FQ3, but “…robust” demand thereafter.
Crescent’s steel segment reported a 49% on-year growth in standalone FQ1 revenue to PKR 3.29 billion ($31.2 million). However, gross profit fell -6% to PKR 481…
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Very good overview of the weekly steel market.
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