AISHA STEEL MILLS LTD

What AISHA STEEL MILLS LTD does

Aisha Steel Mills Limited (ASML) is a Pakistan-based flat-rolled steel manufacturer incorporated in 2005 and in commercial operation since 2012. The company produces two core product lines: Cold Rolled Coils (CRC) and Hot Dipped Galvanized Coils (GI/GP). Manufacturing takes place at a single integrated complex at Port Qasim, Karachi, with nameplate capacity of 850,000 tons/annum for cold rolling, 350,000 tons/annum for batch annealing, and 250,000 tons/annum for continuous galvanizing. The technology stack includes equipment from SMS Group, Steel-Plantech, and Ebner, with quality systems certified to ISO 9001:2015, ISO 14001:2015, and PSQCA standards, and products compliant with JIS, ASTM, EN, DIN, ISO, BS, and PS specifications.

ASML generates revenue primarily through one-time sales of steel coils to B2B customers, distributed via a domestic dealer network anchored by regional offices in Karachi, Lahore, Multan, and Rawalpindi, alongside direct export sales out of Port Qasim. End-markets span construction, automotive, transportation, agriculture, energy, pipes and tubes, and HVACR. The company is publicly listed on the Pakistan Stock Exchange (ticker ASL) and is a group company of Arif Habib. In 2025, the Competition Commission of Pakistan imposed a Rs1.562 billion penalty on ASML and International Steels for price-fixing. Reported revenue has declined materially since 2021 and the company recorded net losses in 2023, 2024, and 2025, indicating significant pressure on the operating model.

Name

AISHA STEEL MILLS LTD

Legal name

Aisha Steel Mills Limited

Website

https://aishasteel.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

Aisha Steel Mills Limited is a Pakistani manufacturer of flat-rolled steel, producing Cold Rolled Coils and Hot Dipped Galvanized Coils at its Port Qasim plant for B2B customers in construction, automotive, energy, and manufacturing sectors.

Ownership category

akta.pro rank

Product category

Flat Rolled Steel Manufacturing

NAICS

Rolling and Drawing of Purchased Steel (33122)

akta.pro primary industry

Cold Rolling & Finishing (Cold-Rolled Coil/Sheet, Temper, Skin Pass) (IMAKABAF)

akta.pro secondary industry

Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG)

Keywords

• Flat rolled steel
• Cold rolled coils
• Galvanized steel coils
• Steel manufacturing
• Value added steel

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Products Manufacturing and Sales: Manufactures and sells flat rolled steel products including Cold Rolled Coils (CRC) and Hot Dipped Galvanized Coils (GI). Revenue generated from domestic sales through dealer network and export sales.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Aisha Steel Mills Limited manufactures and sells flat-rolled steel products, principally Cold Rolled Coils (CRC) and Hot Dipped Galvanized Coils (GI/GP), at its Port Qasim, Karachi facility. Finished goods are sold through a domestic dealer network, direct sales, and export channels serving construction, automotive, transportation, agriculture, energy, pipe and tube, and HVACR sectors.

Product overview

Aisha Steel Mills Limited (ASML) operates as a flat-rolled steel manufacturing company producing two primary product lines: Cold Rolled Coils (CRC) and Hot Dipped Galvanized Coils (GI/GP). The manufacturing complex, located at Port Qasim, Karachi, processes Hot Rolled Coils through multiple stages including cold rolling (850,000 tons/annum capacity), batch annealing (350,000 tons/annum), continuous galvanizing (250,000 tons/annum), skin passing, and rewinding operations. ASML's products serve construction, automotive, transport, agriculture, energy, and pipe/tube sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Cold Rolled Coils (CRC) Cold rolled coils produced by rolling cleaned Hot Rolled Coils (HRC) at room temperature using hydraulic force through roller sets. CRC offers refined surface, enhanced strength, and better dimensional accuracy compared to HRC. Sold as Full Hard CRC or further processed into Annealed CRC, serving construction, automotive, transport, agriculture, energy, and pipe/tube sectors.
• Hot Dipped Galvanized Coils (GI/GP) Steel sheets coated with a layer of zinc by immersing the metal in a bath of molten zinc at approximately 460 degrees Celsius. Produced on a Continuous Galvanizing Line with a nameplate production capacity of 250,000 tons per annum. Used where corrosion resistance is required, including construction, automotive, agriculture, energy, and HVACR applications.

Quantifiable outcome

• One of the largest flat-rolled steel manufacturers in Pakistan

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• Steel-PlantechcoreTechnology or IntegrationTechnology partner providing steel manufacturing equipment and process technology for the cold rolling complex.
• EbnercoreTechnology or IntegrationEquipment supplier for annealing furnaces and thermal processing technology.
• SMS (SMS Group)coreTechnology or IntegrationMajor equipment and technology provider for rolling mill machinery and process lines.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• JSW Steel Limited: JSW Steel is India's leading flat steel producer with major cold rolling and galvanizing operations comparable in scale and technology to ASML. As the dominant regional flat steel exporter, it sets competitive benchmarks for product quality, capacity utilization, and pricing that ASML must match in regional markets.
• Pakistan Steel Mills Corporation: Pakistan Steel Mills is the state-owned integrated steel producer at Port Qasim/Bin Qasim, manufacturing a broader portfolio from billets and long products to flat steel. While ASML is downstream-focused (cold rolling and galvanizing), PSM competes in the same flat steel end-markets and is also located in the same industrial estate, making it a direct geographic incumbent.
• POSCO Holdings: POSCO is a global leader in flat-rolled steel manufacturing with world-class cold rolling and galvanizing technology. While operating at vastly larger scale, POSCO sets the technology and quality standard for the CRC/GI product category that ASML serves and represents the upper bound on competitive intensity in regional flat steel markets.
• Tata Steel Limited: Tata Steel is one of India's largest integrated steel producers with significant flat steel capacity and a broad geographic footprint. It competes with ASML in regional export markets and serves the same automotive, construction, and infrastructure end-uses, making it a relevant regional incumbent comparable.

Others

• Crescent Steel and Allied Products Limited: Crescent Steel is a Pakistani listed company producing steel line pipes, cold rolled stainless steel, and sugar. Its pipe manufacturing division uses flat steel as feedstock (similar downstream relationship to ASML) and shares the same industrial customer base in Pakistan's construction and energy sectors.
• International Industries Limited: International Industries Limited is Pakistan's largest steel pipe and tube manufacturer and a major downstream customer for flat steel produced by ASML. One of ASML's senior managers previously worked at IIL, illustrating the close supply-chain relationship between flat steel producers and pipe/tube converters in Pakistan.

Regional players

• Mughal Steel: Mughal Steel is one of Pakistan's largest rebar and long products manufacturers. It serves a different flat-vs-long product mix than ASML but competes for the same Pakistani construction demand, raw materials, and distribution footprint, making it a comparable regional steel producer.
• Amreli Steels Limited: Amreli Steels is a major Pakistani long-products manufacturer with integrated billet-making capacity. While focused on rebar, it competes with ASML for Pakistani steel demand, raw materials, and downstream construction customers in the same geographic market.
• Agha Steel Industries: Agha Steel Industries is a Pakistani long-products (rebar) manufacturer with significant melting and rolling capacity. While focused on rebar rather than flat steel, it competes for the same Pakistani steel demand pool, raw materials, and dealer channels that ASML serves, making it a meaningful regional comparable.

Direct peers

• International Steels Limited: International Steels Limited is Pakistan's other major cold-rolled and galvanized flat steel producer and ASML's primary domestic competitor. The two companies were jointly penalized by the CCP in 2025 for price-fixing, confirming their parallel product offerings, customer overlap, and direct competition in the same flat-rolled steel category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/AishaSteelMills
• YouTubeyoutube.com/channel/UCcsdx4g1E0KyYEFgH7NuasA
• Facebookfacebook.com/Aisha-Steel-Mills-Limited-112624695438658
• LinkedInlinkedin.com/company/aisha-steel-mills-limited
• Instagraminstagram.com/aishasteelmillslimited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

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 AISHA STEEL MILLS LTD