Naveena Group announces establishment of steel production plant at Port Qasim
KARACHI: The Naveena Group has announced to enter into the business of steel production by establishing a 300,000 TPA (tonnes per annum)...
Aisha Steel Mills Ltd- Yet another business case built on protectionism
Located at Bin Qasim Industrial Park in Karachi, Aisha Steel Mills Limited (ASML) is aiming to more than triple its production before...
Karachi outages force Amreli Steel to cut production of rebars by 40 percent
LAHORE: Amreli Steels in a notification sent to the bourse Tuesday informed it was cutting down its production of rebars by 40...
Mughal Steel gets amendments to expansion plan approved
LAHORE: A bourse notification filed Monday by Mughal Iron and Steel Industries Limited (MISIL) revealed amendments to expansion plan have been approved...
Rupee devaluation pushes steel prices to record highs
Due to continuing depreciation of the rupee against the greenback in inter-bank and kerb market, the rise in steel prices was expected
Pakistan’s steel industry reeling, as smuggling soars
NTC anti-dumping duties haven’t thwarted the imports, as Pakistan retains its status as a favourite for the dumping of goods by Iran, Russia, China and some European countries
Steel melters urge govt to solve taxation-related issues
LAHORE: The Pakistan Steel Melters Association (PSMA) on Monday voiced its concerns regarding taxation related issues being faced by the industry and...
Dost Steels set to start commercial operations from March 2018
LAHORE: A bourse notification filed Wednesday by Dost Steels Limited announced it would be starting trial productions from 1st of February.
DSL stated,...
Agha Steel deploys Fiori enabled SAP
KARACHI: Agha Steel Industries (ASI) in a ceremony held on Friday announced that it is all set to implement Pakistan’s first end-to-end...
Over 500,000 MT steel being smuggled from Iran, Afghanistan annually
Aggrieved, the steel industry approaches PM to stop large scale smuggling
Analysts estimate increase of Rs6 per share to ASTL after SITE expansion
LAHORE: In Amri Steels Ltd's (ASTL) latest notice to the exchange it had informed about finalisation of its plans regarding the Balancing,...
Commerce dept backs Trump’s proposal to impose tariffs on steel, aluminum
WASHINGTON: The Commerce Department is urging President Donald Trump to impose tariffs or quotas on imported aluminum and steel, which it calls...
Chinese entity expresses interest in reviving PSM
CFMCC in its letter of intent (LoI) has said it is a big state-owned enterprise and China Metallurgical Group Corporation holds shares in the company, which is amongst the top 500 companies globally
PSM directed to complete audit of retired employees’ dues by June 2018
ISLAMABAD: The Pakistan Steel Mills board of directors has instructed the company’s management to escalate audit of dues of retired employees by...
Pakistan to inadvertently suffer if world goes to ‘trade war’
KARACHI: US President Donald Trump is embarking on a journey to adopt protectionist policies which might result in a global trade war....