06
May
10:26
ISL expects challenging quarter after doubling exports
International Steels Limited (ISL) says it expects a challenging final quarter (FQ4) of the fiscal year through June 2020 amid the “… unusual” circumstances caused by the Covid-19 pandemic. The Pakistani firm saw sales drop only -6% on-quarter in FQ3 despite the nationwide lockdown in the last week of March.
Year-on-year, net sales fell -21% in FQ3 to PKR 13.1 billion ($82 million), with profit after tax plummeting -69% to PKR 189.6m. Cold rolle…
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Anonymous
Very good overview of the weekly steel market.
Anonymous