KARACHI: Amreli Steels Limited on Monday announced to continue its shutdown of production plants up to September 30, 2022.
“The company will resume its production from October 01, 2022,” according to a communication received by the Pakistan Stock Exchange (PSX).
It further said that the company had sufficient stocks in hand to meet its customers’ demand during the period of shutdown.
Previously, on August 31, 2022 the company decided to shut down its plants for twenty days owing to low demand of steel bars in the country due to unprecedented monsoon rains and flash floods witnessed across the country.
Therefore, the company decided that no manufacturing would take place from August 31, 2022 to September 19, 2022.
Through the latest communication, the company decided to shut down the plant for further 10 days as sufficient stocks were available to meet demands.