11
Oct
04:49
Spindo expects further sales boost
Steel Pipe Industry of Indonesia (Spindo) says it could see 20% year-on-year growth in production in 2019. That is in line with its target and represents faster growth than in 2018, Kallanish notes.
The company has around 600,000 tonnes/year of welded pipe capacity. The plant was previously operating at about 60-65% capacity, but it says its production should exceed 400,000t in 2019. In 2018 it reported sales of 346,987t, up 7.9% y-o-y. A 20% increase in sales w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous