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02 May
13:31

Pakistani pipemaker sees more demand after sales surge

Crescent Steel & Allied Products foresees strengthening large-diameter pipe demand in Pakistan not least because of impending pipeline projects for the import of liquefied natural gas. The welded pipemaker expects to complete by end-June the doubling of its production capacity. Crescent’s steel segment recorded bare pipe sales of PKR 1.8 billion ($17.18 million) in the quarter through March (FQ3) versus only PKR 44.6m in the year-earlier quar…
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