Agha Steel Industries

What Agha Steel Industries does

Agha Steel Industries Limited (ASIL) is a Pakistan-based public steel manufacturer founded in 2010 and listed on the Pakistan Stock Exchange (PSX:AGHA) following its November 2020 IPO. The company operates a fully automated manufacturing facility at Port Qasim, Karachi, producing deformed steel rebars (EBAR G500+, ASTM A615 Grade 60 and Grade 80, ASTM A706 earthquake-resistant variants), steel billets, and round structural steel. ASIL sells to construction companies, contractors, steel dealers and distributors, and government infrastructure projects across Pakistan, with a stated customer base exceeding 1,000 across more than 125 industries and 120 contractors. Distribution operates through direct enterprise sales, an authorized dealer network, a company-operated retail outlet in Hyderabad, and the Daraz e-commerce marketplace, complemented by a steel-industry mobile app for order booking and tracking.

ASIL is Pakistan's only private-sector Electric Arc Furnace (EAF)-based steelmaker, an architecture that provides environmental and quality advantages over traditional blast furnace producers. The company has invested in globally-sourced production technology, including a 17-strand automatic rolling mill producing 8mm–40mm rebar at 18 m/s, Asia's first Endless Steel Technology Mi.Da. plant with Direct Rolling & Bundling (DRB) from Italy's Danieli Group, and Pakistan's first end-to-end Fiori-enabled SAP S/4HANA cloud implementation (delivered with SAP, EY, TallyMarks, and IBL Unisys). Current annual melting capacity is 450,000 metric tons and rolling capacity is 250,000 metric tons, with a planned expansion to 650,000 tons per year backed by Rs 7 billion ($42 million) in committed capital and a 2018 Rs 5 billion Islamic Sukuk. Revenue is generated through unit-based pricing on commodity-grade steel products sold B2B to construction and infrastructure customers; pricing is quote-based and not publicly disclosed. The company is led by CEO and Executive Director Hussain Agha and operates a non-profit affiliate, Agha Welfare Trust, focused on healthcare and community programs.

The five-year financial profile shows a sharp deterioration: revenue (in PKR terms) declined from PKR 126 billion in 2021 to PKR 38 billion in 2025, gross profit turned negative in 2024, and net losses widened to PKR 25 billion in 2025 — even as the company commits capital to a multi-year capacity scale-up, signaling a turnaround posture where financial performance has weakened while reinvestment remains elevated.

Name

Agha Steel Industries

Legal name

Agha Steel Industries Limited

Website

https://aghasteel.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

Agha Steel Industries Limited is a Pakistan-based, publicly listed EAF steel manufacturer producing deformed rebars, billets, and round structural steel from its Port Qasim, Karachi facility, serving construction firms, dealers, and government infrastructure projects across Pakistan through direct, dealer, retail, and e-commerce channels.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311), Iron and Steel Mills and Ferroalloy Manufacturing (331110)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)

akta.pro secondary industry

Rebar Fabrication & Reinforcing Products (IMADACAH)

Keywords

• Deformed steel rebars
• Electric arc furnace
• Steel billets manufacturing
• Structural steel products
• Construction steel materials

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Rebar Sales: Manufacturing and sale of high-quality deformed steel rebars including EBAR G500+, ASTM A615, ASTM A-615 Grade 80, and ASTM A706 earthquake-resistant rebars. Products sold to construction companies, contractors, and through dealer network across Pakistan.
2. Billets Sales: Production and sale of steel billets as intermediate products for further steel manufacturing
3. Round Structural Steel: Production and sale of round structural steel products for construction applications

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Agha Steel Industries Limited manufactures and sells deformed steel rebars, billets, and round structural steel products via Electric Arc Furnace technology. Core products include EBAR G500+ (BS4449-2005), ASTM A615 Grade 60 and Grade 80 rebars, and ASTM A706 earthquake-resistant rebars. The company serves Pakistan's construction, infrastructure, and industrial sectors with annual melting capacity of 450,000 Metric Tons and rolling capacity of 250,000 Metric Tons.

Product overview

Agha Steel Industries Limited (ASIL) is Pakistan's leading fully automatic steel manufacturing company producing deformed steel rebars and related steel products. The company operates with an Electric Arc Furnace (EAF) technology and has annual melting capacity of 450,000 Metric Tons and rolling capacity of 250,000 Metric Tons. The product portfolio centers on high-quality deformed steel rebars including EBAR G500+, ASTM A615 (Grade 60 and Grade 80), and ASTM A706 earthquake-resistant variants, along with intermediate products (Billets) and round structural steel. ASIL positions itself as the only private sector Electric Arc Furnace-based steelmaker in Pakistan and the fastest growing steel manufacturer in the country.

Differentiator

Problem solved

Functional benefit

Products and services

• EBAR G500+ (BS4449-2005) Deformed Steel Rebar

Quantifiable outcome

• Power consumption reduction of 300KWh/MT against existing steel production practices
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Danieli GroupcoreTechnology or Integration · 13 September 2018Italy's Danieli Group signed agreement for construction of Asia's first Endless Steel Technology Mi.Da. Plant with DRB (Direct Rolling & Bundling) in Karachi. Danieli provides end-to-end technical consultancy for Engineering, Procurement and Construction (EPC) of the project. This partnership enables production capacity increase from 150,000 to 650,000 tons per year.
• SAP PakistancoreTechnology or Integration · 18 April 2018Implementation of Pakistan's 1st End-to-End Fiori-Enabled SAP on Cloud in collaboration with SAP. This enterprise system enables zero-man-intervention production, lean manufacturing, and operational efficiency improvements.
• Ernest & Young (EY)coreImplementation/ SI/ Consulting Partner · 18 April 2018EY selected as strategic partner for SAP delivery and digital transformation. EY brings global credentials to help ASIL achieve vision of becoming first 'zero-man-intervention' steel producer in Asia, with plans to create sector-specific digital use cases.
• TallyMarks ConsultingcoreImplementation/ SI/ Consulting Partner · 18 April 2018TallyMarks assisting with effective implementation of SAP S/4 HANA and end-to-end Fiori enabled SAP, providing cloud infrastructure built on S/4 HANA certified hardware with superior 24/7 client support.
• IBL UnisyscoreTechnology or Integration · 18 April 2018Partner in implementation of Pakistan's 1st End-to-End Fiori-Enabled SAP on Cloud, contributing to digital transformation of steel production operations.
• Danieli Centro MetcoreTechnology or Integration · 27 July 2016Danieli Centro Met was awarded the contract to develop Pakistan's largest steel melting furnace. The project includes complete reconstruction of the Electric Arc Furnace (EAF) and a new Fume Treatment Plant as part of the Meltshop Enhancement Project.
• DarazminorChannel Partner/ Reseller/ DistributorDaraz, Pakistan's leading e-commerce marketplace, serves as online distribution channel for ASIL products including rebar sales.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• International Industries Limited: International Industries is a Pakistani steel pipe and tube manufacturer that uses domestically produced steel as feedstock, sharing the same Pakistan construction and infrastructure end-market as Agha Steel.
• International Steels Limited: International Steels is one of Pakistan's largest integrated flat-steel producers with adjacent long-product capacity, competing for construction-channel volume and dealer relationships in Pakistan.
• Aisha Steel Mills Limited: Aisha Steel Mills is a Karachi-based cold-rolled and galvanized steel producer with adjacent billet and long-product exposure, sharing the same EAF route and Pakistan construction end-market as Agha Steel.
• Mughal Steel Limited: Mughal Steel is a Pakistani rebar and billet manufacturer with comparable product portfolio and distribution footprint, directly competing with ASIL for dealer and contractor orders across Sindh and Punjab.
• Amreli Steels Limited: Amreli Steels is Pakistan's largest private-sector rebar and billet manufacturer, directly competing with Agha Steel on ASTM-grade rebars to construction, dealers, and infrastructure customers through overlapping B2B and dealer channels.

Broad incumbents

• Tata Steel Limited: Tata Steel is a global incumbent with a sizable long-products and rebar portfolio in South Asia; provides a broader benchmark for premium-grade construction steel marketing, branding, and dealer programs relevant to ASIL.
• Pakistan Steel Mills Corporation: State-owned Pakistan Steel Mills is the historic incumbent in Pakistan's long and flat steel market with significantly larger installed capacity, providing a benchmark competitor and pricing reference for ASIL across infrastructure tenders.

Regional players

• JSW Steel Limited: JSW Steel is one of India's largest long-product and rebar producers with comparable EAF/BOF capacity at a different scale; serves as a regional peer that competes with Pakistani exporters and benchmarks operational efficiency in South Asian long steel.

Others

• Danieli Group: Danieli is the Italian engineering and technology provider that supplies ASIL's EAF meltshop and the Asia-first Endless Steel Mi.Da. DRB plant; included because Danieli's technology, training, and EPC contracts are decisive inputs to ASIL's competitive positioning.

Emerging players

• Hunan Valin Iron & Steel Group: Hunan Valin is a major Chinese long-products and rebar exporter that competes with ASIL on import-substituted construction rebar in Pakistan and is a representative Chinese import threat to domestic EAF economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Aghasteelindus

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agha Steel Industries