03
May
09:01
Pakistani cold roller March-quarter sales surge
International Steels Limited (ISL) reported a 32% on-year rise in net sales in the third fiscal quarter through March to PKR 12.63 billion ($109.1 million). Exports comprised 7.7% of sales versus 8.9% in the year-earlier quarter. Net profit rose 23% to PKR 1.05 billion.
This came as Pakistan's economy continued to struggle with a rising current account deficit and declining foreign exchange reserves, ISL says. The rupee depreciated a further -5% in Marc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous