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19 Feb
18:19

Pakistan's Crescent anticipates pipeline tendering

Some Pakistani pipeline projects, such as RLNG III, have been approved by authorities following a delay, with tendering expected soon, according to Crescent Steel & Allied Products. The upward hot rolled coil price trend will, however, make it tough to maintain margins. Crescent's ales of bare pipe rose 9% on-year in the second fiscal quarter through December 2017 (FQ2) to PKR 2.5 billion ($22.6 million), but billet sales fell -6% to PKR 340.8m and pipe …
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