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Aisha Steel Mills Limited (ASL): 1QFY25 Corporate Briefing Takeaways – By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Tuesday, 19 November 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">ASL (part of Arif Habib group) is one of the major producers of Cold rolled coil and Galvanized steel products in Pakistan with the total annual capacity of 700K tons i.e. 450K tons of Cold rolled coils and 250K tons of Hot dipped Galvanized coils. Arif Habib is the sponsor of the Company as it has one of the largest private sector investments in the flat-rolled steel products in the Country. ASL has the head office and factory located near Karachi.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The management shared a subdued demand outlook for the flat steel sector going forward as lower demand in China allowed HRC prices to plunge by 10% to USD 480 per ton in 1QFY25. Further, they expect tren...

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