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    Pakistan

    Amreli Steels postpones Karachi plant reopening citing market challenges

    Amreli Steels Limited has extended the temporary suspension of operations at its rolling mill plant in Karachi's S.I.T.E. area for another six months due...

    Scrap imports decline in Feb 2025

    Pakistan's scrap imports fell by 6.74pct YoY in February 2025, totaling 238,043 tons, according to the Pakistan Bureau of Statistics (PBS). However, on a monthly...

    Finished steel imports surge in Feb 2025

    Pakistan's finished steel imports saw a sharp increase in February 2025, reaching 326,859 tons, a 70.7pct YoY rise from 191,481 tons in February 2024,...

    ISL and Aisha Steel lower CRC and galvanized steel prices

    Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have reduced CRC and galvanized coil prices by PKR 15,000 (USD 53) per...

    Aisha Steel turns to losses in H1 FY25

    Pakistan's Aisha Steel Limited reported losses in the first half of fiscal year 2025, ending December 31, 2024, according to a stock exchange disclosure. The...

    ISL and ASML face CCP action over alleged anti-competitive practices

    The Competition Commission of Pakistan (CCP) has issued show-cause notices to International Steel (ISL) and Aisha Steel Mills (ASML) over alleged cartelization in the...

    Agha Steel reports heavy losses in H1 FY25, management pursues recovery strategies

    Agha Steel Industries Limited reported a net loss of PKR 3.84 bln (USD 13.7 mln) for H1 FY25, a sharp increase from the PKR...

    Amreli Steels posts wider losses in H1 FY25 as revenue shrinks

    Pakistan's Amreli Steels reported a net loss of PKR 1.87 bln (USD 6.7 mln) for the first half of the fiscal year 2025 ending...

    AD Ports Group signs MoU to develop industrial zone near Karachi

    AD Ports Group has signed a Memorandum of Understanding (MoU) with Pakistan's Board of Investment to explore the development of an industrial zone near...

    FBR introduces new regulations to curb tax evasion in steel scrap trade

    The Pakistan Federal Board of Revenue (FBR) has withdrawn the Export Facilitation Scheme (EFS) 2021 for iron and steel scrap importers to prevent misuse...

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