31
Jan
15:06
Pakistan's Crescent bags pipe contracts, but margins slump
Crescent Steel & Allied Products has won contracts for the supply of pipe in Pakistan. The company has landed deals for PKR 2.32 billion ($22.1 million) of 36-inch bare pipe and PKR 656m of 24-inch coated pipe to Sui Northern Gas Pipelines and Sui Southern Gas Company.
The contracts will be executed in the first fiscal quarter through September 2017. “Due to competitive bidding in the tendering process and subsequent increase in cost of raw materi…
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Very good overview of the weekly steel market.
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