Tuesday, December 24, 2024
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    Pakistan

    Crescent Steel secures USD 5.38 mln contract for steel line pipes

    Crescent Steel and Allied Products Limited has been awarded a PKR 1.5 bln (USD 5.38 mln) contract, excluding sales tax, for the supply of...

    Scrap imports fall 12.5pct in Nov 2024 YoY

    Pakistan's scrap imports fell by 12.5pct YoY in November 2024, according to data from the Pakistan Bureau of Statistics. The country imported 219,765 tons of...

    Finished steel imports drop 18 pct in Nov 2024 YoY

    Pakistan's finished steel imports dropped by 18.25pct YoY in November 2024, according to the Pakistan Bureau of Statistics. The country imported 247,053 tons of finished...

    Descon Engineering enters Saudi market with new partnership

    Pakistan's Descon Engineering, a leader in engineering, power, and chemical sectors, has announced the establishment of Descon Engineering Arabia in Saudi Arabia in partnership...

    PALSP calls for urgent action as steel industry faces energy and financial crises

    The steel industry in Pakistan is facing an unprecedented crisis, with many mills shuttered and the remaining ones operating at just 20-30pct capacity due...

    Scrap imports drop in October 2024

    Pakistan's scrap imports declined by 4.83pct YoY in October 2024, according to data from the Pakistan Bureau of Statistics. The country imported 228,217 tons of...

    Finished steel imports rise 23 pct in Oct 2024 YoY

    Pakistan's finished steel imports surged by 23.22pct YoY in October 2024, according to the Pakistan Bureau of Statistics. The country imported 327,872 tons of finished...

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    Fauji Foundation has officially withdrawn its Public Announcement of Intention (PAI) to acquire a controlling stake in Agha Steel Industries Limited, as confirmed by...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

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