27
May
09:44
Slow economy hampers Crescent earnings, eyes gas projects
Crescent Steel & Allied Products foresees a slowdown in Pakistani economic activity hampering earnings in the June quarter. The country’s gas demand-supply gap is seen widening and will need to be addressed using pipe but this will require timely decision-making from the state, the firm says.
The firm’s pipe coating sales surged 97% on-year in the third fiscal quarter through March to PKR 52.2 million ($343.7m) but sales of bare pipe plummeted -6…
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Anonymous
Very good overview of the weekly steel market.
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