Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
213 news items from Pakistan. Show all
Pakistan's Dost Steels Limited (DSL) has reported progress on its financial and operational restructuring, following a settlement agreement with its syndicate lenders, according to a company filing. The company has…
Pakistan's flat steel producers, International Steels Limited (ISL) and Aisha Steel, have increased domestic prices for cold-rolled and galvanized steel by PKR 5,000 (USD 18) per ton. Following the increase, ISL's 1 mm…
Pakistan's National Tariff Commission (NTC) has extended existing anti-dumping duties on cold-rolled steel (CR steel) imports from China to cover products with widths exceeding 1,250 mm, following an affirmative final…
Aisha Steel Mills Limited (ASL) has had its entity ratings reaffirmed at 'BBB+/A2' by VIS Credit Rating Company Limited, with a stable outlook. The ratings reflect the company's established position in Pakistan's flat…
Pakistani flat steel producer International Steels Limited (ISL) has increased its galvanized steel prices by PKR 5,000 (USD 18) per ton. Following the adjustment, the company's galvanized coil in 1 mm thickness is now…
Pakistani long steel producer Beco Steel Limited reported lower earnings for the half year ended December 31, 2025, amid challenging market conditions. Net sales declined to PKR 3.81 bln (USD 13.6 mln) from PKR 4.33 bln…
Pakistan's Agha Steel Industries Limited posted a decline in revenue but significantly narrowed its losses for the half year ended December 31, 2025, according to the company's financial statement. Net turnover fell to…
Mughal Energy Limited, a wholly owned subsidiary of Mughal Iron & Steel Industries Limited, has reached a key milestone in the development of its 36.5 MW hybrid power plant with the successful completion of steam…
Beco Steel Limited has begun finalizing a funding arrangement with its UAE-based sister company, Beco Steel Ferrous and Non-Ferrous Metal Trading LLC, to support its ongoing solar power project. Beco Steel said the…
China's Shandong Xinxu Group has expressed interest in a proposed steel-linked maritime industrial project at Port Qasim, as Pakistan seeks to strengthen domestic steel production and reduce reliance on imports…
Beco Steel Limited has commenced installation of a 5-megawatt solar power plant, aimed at reducing energy costs and improving operational efficiency, the company said. The contract for the installation of solar panels…
Pakistan-based Crescent Steel and Allied Products Limited reported a 1pct YoY increase in net profit to PKR 679.73 mln (USD 2.42 mln) for the first half of FY26 ended December 31, 2025, compared with PKR 672.98 mln a…
Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a sharp improvement in earnings for the first half of FY26 ended December 31, 2025. The company's net profit rose 80pct YoY to PKR…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported strong financial performance for the first half of FY26 ended December 31, 2025, according to its interim financial statement. The…
Crescent Steel and Allied Products Limited has secured a contract from Sui Northern Gas Company Limited (SNGPL) for the supply of assorted bare steel line pipes, according to a filing with the Pakistan Stock Exchange…
Mughal Iron & Steel Industries Limited (Mughal Steel) has retained its long-term 'A+' and short-term 'A1' entity ratings, with a stable outlook, according to VIS Credit Rating Company. VIS cited Mughal Steel's strong…
Pakistan and Russia are targeting 2027 to begin construction under the Pakistan Steel Mills (PSM) revival and expansion project. The update was shared during a meeting of the Public Accounts Committee sub-committee…
Pakistan's National Tariff Commission (NTC) has initiated a second sunset review of anti-dumping (AD) duties imposed on imports of cold-rolled (CR) coils and sheets originating in and/or exported from China, according…
Pakistani shipbreaking firm Prime Green Recyclers has brought into operation a ship recycling facility in Gadani certified under the Hong Kong International Convention (HKC), marking a first for Pakistan. Founded in…
Major Pakistani steel producers have urged the Federal Board of Revenue (FBR) to introduce safeguards on duty- and tax-free Chinese imports cleared through the Customs Dry Port Sost for consumption in Gilgit-Baltistan…
“Premium Content” marks a news item that needs a subscription to read in full.
