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    Pakistan

    Chinese firm warns of withdrawal from steel project due to mounting challenges

    China's Century Steel Mill has threatened to withdraw from its steel project in the Rashakai Special Economic Zone (SEZ), citing significant challenges, according to...

    Agha Steel acquisition deal falls through as Fauji Foundation withdraws offer

    Fauji Foundation has officially withdrawn its Public Announcement of Intention (PAI) to acquire a controlling stake in Agha Steel Industries Limited, as confirmed by...

    Agha Steel swings to loss in Jul-Sep 2024

    Pakistan's Agha Steel Industries Limited reported a loss of PKR 1.81 bln (USD 10.2 mln) for the quarter ending September 30, 2024, compared to...

    Scrap imports rise in Sept 2024

    Pakistan's scrap imports rose by 4.68pct YoY in September 2024, as reported by the Pakistan Bureau of Statistics. The country imported 211,539 tons of scrap...

    Finished steel imports climb 25 pct in Jan-Sep 2024 YoY

    In September 2024, Pakistan recorded a 36.55pct YoY increase in finished steel imports, according to the Pakistan Bureau of Statistics. The country imported 277,404 tons...

    IIL’s financial performance holds steady despite market volatility – VIS Credit Rating

    VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of International Industries Limited (IIL) at 'AA-/A-1'. The 'AA-' rating reflects high credit...

    Mughal Steel criticizes FBR for delaying crucial tax measures

    The delay in implementing budgetary measures to modify the tax regime for steel producers sourcing local scrap from unregistered suppliers has cost the government...

    ISL and Aisha Steel raise prices for CRC and galvanized steel

    Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have raised prices for CRC and galvanized coil products by PKR 10,000 (USD...

    Crescent Steel wins pipe supply contract from SNGPL

    Crescent Steel and Allied Products Limited has announced that it has secured a contract from Sui Northern Gas Company Limited (SNGPL), according to a...

    Crescent Steel approves sale of non-operational billet plant

    The board of directors of Crescent Steel & Allied Products Limited has approved, pending finalization of terms and conditions and the signing of an...

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