24
Feb
12:29
Demand recovery boosts ISL's December-quarter earnings
Pakistani end-user demand rebounded in the December quarter, with government initiatives spurring an economic recovery, says International Steels Limited (ISL). Low inventories and higher input costs increased steel prices sharply across the world, as demand recovered post lockdowns, but prices may correct as supply improves in major markets.
The firm reported a 29% on-year growth in December-quarter net sales to PKR 17.85 billion ($112.5 million), while net profi…
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Anonymous
Very good overview of the weekly steel market.
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