02
May
14:51
Spindo expects revenue jump after disappointing 2016
Steel Pipe Industry of Indonesia (Spindo) says it expects revenues to increase 20-30% in 2017 on better prices and sales volumes. Disappointing infrastructure pipe demand in 2016 led to a fall in sales volumes, Kallanish notes.
Demand should increase from both the construction and automotive industries this year, Spindo believes, allowing it to hike output to around 380,000 tonnes. This will largely be driven by increasing orders from infrastructure projects, an…
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Anonymous
Very good overview of the weekly steel market.
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