22
Sep
11:32
Pakistan rebar mills see surging profit
Pakistan-based Mughal Iron and Steel, and Agha Steel Industries posted record profit in the fiscal year ended 30 June 2021 (FY21). The companies reported a hike in profit on the back of rising steel prices, Kallanish notes.
Mughal Steel’s profit after tax (PAT) clocked at PKR 3.4 billion ($20.28 million) in FY21, against PKR 592.9m a year earlier. The company’s sales were reported at PKR 44.97 billion.
Similarly, Agha Steel’s PAT surged to PKR 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous