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International Steels Limited

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International Steels Limited
Company typePublic
PSXISL
IndustrySteel
Founded2007; 17 years ago (2007)
HeadquartersKarachi, Sindh
Area served
Pakistan
ParentInternational Industries Limited
Websiteisl.com.pk

International Steels Limited (Urdu: انٹرنیشنل اسٹیلز) is a Pakistani company which manufactures steel products.[1][2] It is based in Karachi, Pakistan.[3][2]

History

International Steels was founded in 2007 as a subsidiary of International Industries Limited.[4][5] Its plant is located at Landhi.[6]

In June 2011, International Steels was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of Rs. 14.06.[7]

In March 2015, International Steel increasing its annual production capacity to over 500,000 metric tons which included 400,000 metric tons of galvanized steel.[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.[9]

Products

It manufactures cold rolled, galvanized and color coated steel coils and sheets.[5]

References

  1. ^ Zahid, Anusha (February 21, 2019). "Scions of steel". Aurora Magazine.
  2. ^ a b "Expansion:International Steels plans to boost production capacity - The Express Tribune". 1 February 2017.
  3. ^ "International Steels Limited - Company Information". International Steels Limited.
  4. ^ Newspaper, From the (April 12, 2011). "First IPO after 12 months over-subscribed". DAWN.COM.
  5. ^ a b Research, B. R. (2024-02-07). "International Steels Limited". Brecorder. Retrieved 2024-02-09.
  6. ^ Hussain, Arshad (January 22, 2018). "Aisha Steel Mills Ltd- Yet another business case built on protectionism". Profit by Pakistan Today.
  7. ^ "International Steel: Trading starts at the Karachi stock exchange". The Express Tribune. June 1, 2011.
  8. ^ https://www.brecorder.com/news/4382854
  9. ^ https://www.brecorder.com/news/4382854