Amreli shuts 30pc capacity amid uncertainty

The board of directors of Amreli Steels Ltd (ASL) has decided to temporarily suspend operations at its oldest Karachi-based manufacturing facility, Site Rolling Mills (SRM), due to the uncertain economic and political situation. In a stock filing on Tuesday, ASL said that the SRM represents 30pc of the company’s total production capacity. The situation will be reviewed in six months, and the facility may reopen if conditions improve. During this period, the company will continue operating its Dhabeji facility, which accounts for 70pc of its production capacity, to meet current and future steel demand.