International Steels Limited (Urdu: انٹرنیشنل اسٹیلز) is a Pakistani company which manufactures cold rolled, galvanized and color coated steel coils and sheets.[1][2] It is based in Karachi, Pakistan.[3]
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| Company type | Public |
|---|---|
| PSX: ISL | |
| Industry | Steel |
| Founded | 2007 |
| Headquarters | Karachi, Sindh |
Area served | Pakistan |
| Parent | International Industries Limited |
| Website | isl |
History edit
International Steels was incorporated in 2007 as a subsidiary of International Industries Limited.[4][1] Its plant was commissioned in 2010 at a cost of $162 million and it had a capacity to produce 280,000 tons per annum of cold rolled coil from hot rolled coil, including 150,000 tons per annum of galvanized steel.[5] The plant is located in the industrial estate of Landhi.[6] The project received $18.40 million loan from the International Finance Corporation which included a convertible loan of $6.4 million.[5]
In June 2011, International Steels was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 14.06.[7]
In March 2016, International Steel increasing its annual production capacity to over 500,000 metric tons which included 400,000 metric tons of galvanized steel.[3][8] The project which cost Rs 3.2 billion involved upgrading the cold rolling mill (CCM), adding a second galvanizing line, and establishing a colour coating steel plant.[8]
In June 2018, International Steel commissioned a new plant which further increased its production capacity to 1 million tons per annum.[9][10]
References edit
- ^ a b Research, B. R. (2024-02-07). "International Steels Limited". Brecorder. Retrieved 2024-02-09.
- ^ Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
- ^ a b "Expansion:International Steels plans to boost production capacity". The Express Tribune. 1 February 2017.
- ^ Newspaper, From the (April 12, 2011). "First IPO after 12 months over-subscribed". DAWN.COM.
- ^ a b "International Steels IFC funding".
- ^ Hussain, Arshad (January 22, 2018). "Aisha Steel Mills Ltd- Yet another business case built on protectionism". Profit by Pakistan Today.
- ^ "International Steel: Trading starts at the Karachi stock exchange". The Express Tribune. June 1, 2011.
- ^ a b "International Steels Limited expands production to over 500,000MT". Brecorder. March 8, 2016.
- ^ Hussain, Bilal (June 27, 2018). "International Steels' new plant comes on line". The Express Tribune.
- ^ Haris, Danyal (June 28, 2018). "International Steels emerges as biggest cold roller after kick-starting new plant". The News International.