Economic challenges force Amreli Steels to keep Karachi facility shut for six more months

Citing economic hardships, the Board of Directors (BoD) of Amreli Steels Limited (ASTL) has decided to extend the suspension of its operations at the company’s SITE Rolling Mill (SRM) in Karachi. The site represents 30% of the company’s production capacity, the listed company stated in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We wish to inform you that the Board of Directors, in its meeting held today i.e. 29 October 2025, reviewed the prevailing circumstances that had necessitated the suspension of operations at the company’s SITE Rolling Mill (SRM) and observed that the underlying economic challenges remain unchanged. “In view of these circumstances, the Board of Directors has decided to extend the suspension of operations at SRM for an additional six months,” read the notice. The steelmaker shared that any decision regarding the resumption of operations will depend on a substantial improvement in the broader economic environment.