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steel mills

Amreli Steels temporarily halts operations at Karachi facility amid economic issues

Due to economic hardships, the Board of Directors (BoD) of Amreli Steels Limited (ASTL) has decided to temporarily...

Updated 24 Sep, 2024 08:49pm

Business & Finance

New steel mills in Karachi: Pakistan, Russia agree to constitute working group

ISLAMABAD: Pakistan and Russia have agreed to constitute a working group to move forward on a proposal of...

Published 19 Sep, 2024 06:37am

Russian collaboration: Feasibility study sought to set up a new steel mill

ISLAMABAD: A high level Committee, headed by the Minister for Planning, Development and Special Initiatives Ahsan...

Updated 01 Aug, 2024 10:01am

Markets

Iron ore, steel prices largely fall

HANOI: Prices of iron ore and steel products in China declined on Thursday, pressured by weaker steel demand as...

Published 10 May, 2024 04:17am

Markets

Iron ore futures rise

BEIJING: Iron ore futures prices rose for a second consecutive session on Friday, underpinned by renewed hopes for...

Published 21 Jan, 2024 03:10am

Business & Finance

Sindh, federal govt to establish industrial park at Steel Mills

KARACHI: Caretaker Sindh Chief Minister Former Justice Maqbool Baqar and Federal Minister for Commerce, Industries...

Published 30 Dec, 2023 06:28am

Opinion

Unending travails of PIA, other SOEs

That the national air carrier has been in dire straits for quite some time is well known. Like Pakistan Steel Mills,...

Published 24 Oct, 2023 05:05am

Pakistan

APSMA protests against departmental actions by EPD

LAHORE: The All Pakistan Steel Mills Association (APSMA) on Monday held a protest against departmental actions taken...

Published 28 Mar, 2023 06:21am

Markets

Iron ore slips due to risk-averse stance amid tepid demand, higher supply

BEIJING: Dalian and Singapore iron ore futures extended losses on Friday as market participants adopted a ...

Published 26 Mar, 2023 03:19am

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

FCCI chief calls for upgrading foundry sector in line with new technologies

FAISALABAD: “Foundry is the mother of all industries and we must upgrade it in line with the new global...

Published 30 Dec, 2022 05:50am

Business & Finance

PSQCA stops production at 7 steel mills, seizes stocks

LAHORE: The Pakistan Standards & Quality Control Authority (PSQCA) on Monday stopped manufacturing of seven...

Updated 13 Dec, 2022 06:19am

Pakistan

PSQCA stops production of 9 steel mills, seizes huge stock

LAHORE: Pakistan Standards & Quality Control Authority (PSQCA) on Friday stopped working of another 9 illegal ...

Published 10 Dec, 2022 08:08am

Business & Finance

PSQCA stops production at six un-licensed steel mills

LAHORE: The Pakistan Standards and Quality Control Authority (PSQCA) on Wednesday started operation against...

Published 08 Dec, 2022 05:58am

Markets

China 2021 crude steel output retreats 3pc

BEIJING: China’s annual crude steel production fell for the first time in six years in 2021, retreating from ...

Published 18 Jan, 2022 04:20am

Pakistan

Punjab govt decides to take action against those burning crop residue

LAHORE: The Punjab government has decided to take action against those causing air and environmental pollution...

Published 13 Oct, 2021 04:47am

Opinion

Contingent liabilities

Finance Minister Shaukat Tarin in his budget speech stated that "although losses of PIA and Steel Mills have been...

Published 12 Jul, 2021 05:26am

Pakistan

Steel mill oxygen plant to be revived for Rs1 billion

The chief minister said that a team of the federal government had visited Pakistan Steel Mill plant and reported that it could not be revived.

Published 04 May, 2021 06:52pm

Markets

Global steel output jumps 15.2pc year on year in March

Crude steel output from China, the world's top producer and consumer of the metal, climbed 19.1% to 94 million tonnes in March.

Published 22 Apr, 2021 08:06pm

Ministers say PSM revival plan to be expedited

ISLAMABAD: Inter-ministerial meeting on revival of Pakistan Steel Mills Corporation (PSMC) was held here ...

Published 15 Apr, 2021 03:22am

Business & Finance

Brazilian steelmaker Usiminas to raise prices by April 12

Analyst Daniel Sasson said in the note to clients that prices of hot rolled steel will rise by 10% and those for other products will rise by 5%. Sasson said the information was confirmed by two steel distributors and that this would be Usiminas' third price hike this year.

Published 08 Apr, 2021 06:40pm

Business & Finance

Robust demand, supply curbs lift China steel prices to record highs

Shanghai rebar scales highest since 2011.
Hot-rolled coil hits strongest since 2014.
Dalian, SGX iron ore benchmarks slip.

Updated 06 Apr, 2021 07:30pm

Expansion of regional trade: Umar says PM is for exploring ‘alternate’ avenues

KARACHI: Federal minister for Planning, Development and Special Initiatives, Asad Umar, said on Saturday that the...

Published 04 Apr, 2021 04:12am

Business & Finance

Ukraine steel output 0.5pc down so far in 2021

Ukrainian steel output fell by 1.1% in 2020 to 20.62 million tonnes.

Published 02 Apr, 2021 08:23pm

Markets

Dalian coke extends losses; iron ore rebounds

SINGAPORE: Dalian coke futures slumped for a third straight session on Tuesday, weighed down by weak demand for the...

Published 24 Mar, 2021 05:10am

Markets

China pollution clampdown fuels copper demand concerns

LONDON: Copper prices eased on Friday as Chinese anti-pollution measures fuelled worries about reduced demand, while...

Published 13 Mar, 2021 04:28am

Markets

Chinese iron ore futures fall

BEIJING: Chinese iron ore futures dropped as much as 3.5% on Tuesday after top steel-producing city Tangshan issued ...

Published 25 Feb, 2021 04:58am

Markets

China iron ore futures retreat as Tangshan city sounds pollution alert

"The strong pick-up in steel demand in 2021 amidst a robust and broad economic recovery will impede prices from crashing and will help them average at elevated levels this year," according to Fitch Solutions.

Published 23 Feb, 2021 11:49am

Pakistan

PSM workers end sit-in on minister’s appeal

KARACHI: Sacked Steel Mill workers ended their sit-in in front of the residence of CEO Steel Mill on the request of...

Published 08 Feb, 2021 03:46am

Markets

China’s iron ore dips on steel profits slump

BEIJING: China’s iron ore futures dipped on Wednesday, weighed down by concerns over a likely reduction in output...

Published 29 Jan, 2021 04:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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