10
Oct
09:37
Slow economic activity hits Aisha Steel's sales
Aisha Steel Mills (ASML) says the recent downstream coil capacity expansions in Pakistan are likely to reduce import impetus, while a competitive rupee will support exports and contribute to processing margins.
ASML’s sales fell -5% on-year in the fiscal year through June 2019 (FY19) to 205,456 tonnes and production fell -7% to 202,167t. The firm produced and sold 33,223t and 27,017t respectively of hot-dip galvanized coil following the April launch of its…
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