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21 Oct
12:58

Pakistan's Mughal sees local sales offsetting export drop

Mughal Steel foresees increased steel demand from public sector projects in Pakistan, such as dams, roads and bridges, coupled with private sector construction activity. A potential decline in the company’s exports due to lower international prices could be offset by this increased domestic demand, the Pakistani long steelmaker says. In the fiscal year through June 2016 (FY16) finished product output rose 36% on-year to 245,675 tonnes thanks mainly to incr…
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