Trends - steel - Business Recorder

steel

Trump to impose new 25pc tariffs on steel, aluminium

WASHINGTON: US President Donald Trump plans to slap 25 percent tariffs on steel and aluminium imports Monday,...

Published 11 Feb, 2025 06:36am

BR Research

Cement price breather

Cement and steel rebar manufacturers may share the same clients, as they both serve the construction industry, but...

Published 29 Jan, 2025 07:51am

Business & Finance

PALSP says high energy tariffs brought steel sector to its knees

ISLAMABAD: Pakistan’s steel industry, the backbone of the country’s economy, is teetering on the edge of ...

Published 11 Dec, 2024 08:01am

Business & Finance

Steel sector assails delay in the implementation of budgetary steps

LAHORE: The inexplicable delay in the implementation of budgetary measures modifying tax regime for the steel...

Published 22 Oct, 2024 06:33am

BR Research

Agha Steel Industries Limited

The company was incorporated as a private limited company in 2013 and then converted into a publicly listed company...

Published 11 Oct, 2024 08:54am

BR Research

No recovery in sight

Three months into the fiscal year and there doesn’t seem to be any recovery in sight for the construction industry...

Updated 04 Oct, 2024 11:19am

Opinion

Struggle for steel continues

Steel is the basic building block of development. It was due to the influential import lobbies that Pakistan lagged...

Published 05 Sep, 2024 06:19am

Misclassification of steel products: FBR urged to recover taxes from importers

ISLAMABAD: The documented steel sector has conveyed to the Federal Board of Revenue (FBR) that misclassification of...

Updated 07 Aug, 2024 08:00am

Markets

US tightens steel, aluminum import rules to curb China tariff evasion

WASHINGTON: The United States unveiled stricter rules Wednesday on steel and aluminum imports from Mexico, moving to...

Published 11 Jul, 2024 07:37am

Business & Finance

PALSP urges govt to stop steel smuggling during Eid holidays

ISLAMABAD: The Steel industry appeals the govt to take pre-emptive measures to block smuggling of steel from Iran...

Updated 01 Apr, 2024 08:46am

Sales tax assessment: FBR to fix minimum values of steel products on quarterly basis

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to fix minimum values of steel products on quarterly...

Updated 21 Mar, 2024 08:41am

Business & Finance

Steel melters concerned over surge in power rates

LAHORE: The Pakistan Steel Melters Association (PSMA) has expressed significant concern regarding the recent surge...

Published 08 Feb, 2024 05:02am

Markets

China’s 2023 steel output likely reached 1.02bn tons

BEIJING: China likely produced around 1.02 billion metric tons of crude steel last year, a state-backed steel...

Published 15 Jan, 2024 02:04pm

Markets

Nippon Steel confident hefty premium for US Steel makes sense

TOKYO: Nippon Steel said on Tuesday it can afford to pay $14.9 billion for US Steel, justifying the huge premium it...

Published 02 Jan, 2024 05:21am

Markets

China’s 2024 steel demand to drop

BEIJING: China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state...

Published 24 Dec, 2023 04:00am

Markets

Energy tariff hike triggers significant steel price surge: PALSP

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) issues a grave warning to the nation as the...

Published 26 Sep, 2023 06:33am

Opinion

Unraveling state of engineering industry

The industrial sector is unquestionably important to Pakistan’s economy, contributing significantly to its growth...

Updated 20 Sep, 2023 07:05am

Pakistan

Steel sector: FBR Member assures action over smuggling from Iran, Afghanistan

ISLAMABAD: The Federal Board of Revenue (FBR) Member Customs (Operations), Zeba Hai Azhar, has assured the ...

Published 13 Sep, 2023 06:17am

Markets

Iron ore drops on tepid China support measures

SINGAPORE: Iron ore futures dropped on Monday, as the markets grew restless on the lack of substantial stimulus...

Published 08 Aug, 2023 07:08am

Markets

Ferrous metals drop as higher supply, tepid China demand weigh

BEIJING: Ferrous metals futures slumped on Monday, pressured by mounting supply and weak downstream demand in top...

Published 27 Jun, 2023 06:15am

Markets

Dalian iron ore extends rally on improved steel margins

BEIJING: Dalian iron ore futures extended gains for the fourth day in a row on Thursday, supported by improved steel...

Published 19 May, 2023 06:17am

Business & Finance

Rs25bn annual loss due to steel smuggling

ISLAMABAD: The documented steel industry has estimated that around 500,000 Metric Tons (MT) steel is being annually...

Published 27 Apr, 2023 06:24am

Markets

Iron ore futures slump

BEIJING: Dalian and Singapore iron ore futures weakened on Monday after China’s state planner said last week it ...

Published 07 Mar, 2023 03:16am

Markets

Dalian iron ore hits multi-month high

BEIJING: Dalian iron ore futures hit an eight-month high on Friday, driven by favourable fundamentals and optimism...

Published 05 Mar, 2023 03:36am

Markets

Iron ore futures extend losses

BEIJING: Dalian and Singapore iron ore futures extended losses on Monday amid concerns over near-term weaker demand,...

Published 28 Feb, 2023 06:15am

Markets

Iron ore futures dip on regulatory risks

MANILA: Dalian and Singapore iron ore futures dipped on Friday, with regulators in China seeking to curb exuberance...

Published 26 Feb, 2023 03:27am

Business & Finance

ABAD concerned at hike in steel bar rates

KARACHI: Association of Builders and Developers of Pakistan (ABAD), while expressing deep concern over hike in steel...

Published 25 Feb, 2023 06:23am

Markets

Iron ore subdued as DCE tightens trading limits

MANILA: Iron ore futures were subdued on Wednesday following an extended rally spurred by optimism around China...

Published 23 Feb, 2023 05:52am

Markets

Gas tariff hike will help E&P sector but hurt steel, chemical and textile firms, say experts

Indirect impact on food and fertiliser could further edge up inflation in the country: AKD Securities

Updated 14 Feb, 2023 05:51pm

Markets

Iron ore, steel futures fall as China demand concerns persist

MANILA: China’s ferrous futures fell on Monday, pressured by mounting domestic steel stocks and rising portside...

Published 14 Feb, 2023 05:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	280.20
USD PKR Interbank Buying / Mar 28	280
USD to Japanese Yen / Mar 28	150.83
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 27	5,693.31
Nasdaq / Mar 27	17,804.03
Dow Jones / Mar 27	42,299.70
India Sensex / Mar 28	23,448.24
Tokyo Nikkei / Mar 28	36,977.70
Hang Seng / Mar 28	77,559.63
FTSE 100 / Mar 28	8,672.68
Germany DAX 30 / Mar 28	22,600.10
France CAC40 / Mar 28	7,969.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 27	17,085
Gold 10 Grams PKR / Mar 27	275,205
Petrol/Litre / Mar 28	255.63
Crude Oil USD/Barrel / Mar 28	69.76
Gold Spot USD/Ounce / Mar 28	3,079.82
Diesel/Litre / Mar 28	258.64
Cotton US¢/pound / Mar 28	66.73

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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