Mughal Steel, a Pakistani steel producer, announced that its board of directors has approved the balancing, modernization, and replacement (BMR) of the existing steel bar re-rolling mill, according to a stock exchange filing.
The BMR initiative aims to transform the re-rolling facility into a dual-purpose rolling mill, allowing the company to utilize its current installed capacity to manufacture both steel rebars and medium sections interchangeably. This strategic move is expected to significantly enhance capacity utilization, diversify the product and market portfolio, and strengthen the company’s competitive position.
Once operational, the upgraded facility will enable the production of approximately 8,000 to 10,000 tons of medium sections per month. The total estimated capital expenditure for this project is PKR 2 bln (USD 7.16 mln).
With an annual production capacity of 1 mln tons, Mughal Steel specializes in producing billets, rebar, and sections, and also manufactures copper ingots primarily for export to China.
1 USD / 279.1 PKR
