Amreli Steels financial losses highlight effect of rupee depreciation on Pakistan steel industry

Financial losses incurred by Amreli Steels, Pakistan’s largest producer of steel billet and rebar, highlight the effects that a weakening Pakistan rupee has had on input costs for the steel industry, market sources told Fastmarkets on Tuesday September 12.

Amreli Steels reported a loss of 678.4 million Pakistan rupees ($2.2 million) for the financial year ended June 30, 2023, in a notice to the Pakistan Stock Exchange on September...


Ross Yeo

September 12, 2023

19:15 GMT