<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Earnings are expected to remain under pressure for steel manufacturers
amid weaker demand and declining local prices. Flat steel is facing
pressure from higher imports due to lower landed costs, while the revival
of long steel depends on a recovery in the construction sector. We expect
ISL and Mughal to post earnings per share (EPS) of PKR 0.88 and PKR 0.82,
respectively, for the quarter under review. This would take FY25 EPS to PKR
3.06 for ISL and PKR 2.17 for Mughal.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sales are projected at PKR 14.1bn, up 6% YoY, supported by higher
volumes amid a recovery in upstream sectors. However, an 8% YoY drop in
local CRC prices offset some of the impact. ...
