In light of ongoing economic difficulties, the Board of Directors of Amreli Steels Limited (ASTL) has decided to extend the closure of the company’s SITE Rolling Mill (SRM) in Karachi.
In a notice submitted to the Pakistan Stock Exchange (PSX), the company stated that the SITE plant represents 30% of Amreli Steels’ total production capacity.
According to the notice, “The Board of Directors, in its meeting held on October 29, 2025, reviewed the circumstances that led to the suspension of operations at the SITE Rolling Mill and observed that the underlying economic challenges persist.”
Considering these conditions, the Board has approved an extension of the SRM closure for another six months.
The company further added that the resumption of operations will be considered only once there is a significant improvement in the overall economic environment.
The notice also clarified that Amreli’s Dhabeji plant, which accounts for the major share of production capacity, continues to operate, enabling the company to meet current and expected market demand.
It is noteworthy that the SITE Rolling Mill contributes approximately 30% to the company’s total production capacity.
This development follows Amreli Steels’ announcement of a PKR 790.3 million loss for the quarter ending September 30, 2025, attributed to declining sales and higher production costs.
According to the company’s latest financial results, gross profit during the quarter stood at PKR 18 million, marking a 92% decline from PKR 228.7 million in the same period last year.
Amreli Steels Limited, established in 1984 as a private limited company and later converted into a public listed company in 2009, manufactures steel bars and billets at its production facilities located in Shershah, Karachi, and District Thatta, Sindh.
