<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Amreli Steel Limited (ASTL) held its Analyst briefing yesterday to discuss the financial results of FY17 and outlook on steel demand.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The decline in profitability during 4QFY17 was marred by i) lower production owing to plant shutdown and transportation strike and ii) recognition of super tax.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The financial close of second phase of expansion is achieved whereby second billet plant (200ktons) is expected to achieve COD by Jun&rsquo;18 with estimated debt financing of PKR0.9bn. Moreover, expansion of rolling mill (125ktons) at Dhabeji is expected to start operations in parallel to 1 s...
