| International Steels Limited | |
| Traded As: | KSE 100 component |
| Area Served: | Pakistan |
| Key People: | Yousuf H. Mirza (CEO) Kamal A.Chinoy (chairperson) |
| Industry: | Steel |
| Founder: | Towfiq H. Chinoy[1] |
| Location: | Karachi, Sindh |
| Revenue Year: | 2023 |
| Income Year: | 2023 |
| Net Income Year: | 2023 |
| Assets Year: | 2023 |
| Equity Year: | 2023 |
| Num Employees: | 688 |
| Num Employees Year: | 2023 |
| Owner: | International Industries Limited (56.33%) Sumitomo Corporation (9.07%) JFE Steel (4.74%) |
| Parent: | International Industries Limited |
| Footnotes: | Financials [2] |
International Steels Limited (Urdu: انٹرنیشنل اسٹیلز) is a Pakistani company which manufactures cold rolled, galvanized and color coated steel coils and sheets.[3] It is based in Karachi, Pakistan.
International Steels was incorporated in 2007 as a joint-venture between International Industries Limited, Sumitomo Corporation, and JFE Steel.[4] [5] Its plant was commissioned in 2010 at a cost of $162 million and it had a capacity to produce 280,000 tons per annum of cold rolled coil from hot rolled coil, including 150,000 tons per annum of galvanized steel.[6] The plant is located in the industrial estate of Landhi.[7] The project received $18.40 million loan from the International Finance Corporation which included a convertible loan of $6.4 million.[6]
In June 2011, International Steels was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 14.06.[8]
In March 2016, International Steel increasing its annual production capacity to over 500,000 metric tons which included 400,000 metric tons of galvanized steel.[9] [10] The project which cost Rs 3.2 billion involved upgrading the cold rolling mill (CCM), adding a second galvanizing line, and establishing a colour coating steel plant.[10]
In June 2018, International Steel commissioned a new plant which further increased its production capacity to 1 million tons per annum.[11] [12]