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Mughal Steel has been a leading company in Pakistan's iron and steel sector over the last 50 years.
Mughal Steel is a thriving and progressive steel mill because they have been able to transform rapidly to keep up with the competitive global economy. By using state-of-the-art technology Mughal Steel has been able to stay ahead in the construction industry and meet the demands of its customers.
Mughal Steel is involved in several things from making mild steel billets, spring steel, deformed bar, re-bar, cold twisted rebar, and a huge range of sections such as I.Beams, L.Sections, C.Section, H.Beam, T.Bar, etc.
Mughal Steel saw an increase in net income of 24% quarter-on-quarter (QoQ) to Rs. 1.041 billion, compared to Rs. 839 million. They posted a year-on-year (YoY) profit of Rs. 5.4 billion during FY22, up by 58 percent from Rs. 3.4 billion last year.
Along with the result, MUGHAL announced earnings per share (EPS) of Rs. 16.12 for the closed financial year, compared to Rs. 10.22 reported in FY21.
Having joined his family business in 1976, Mr. Javaid Iqbal rose to become a pioneer of the steel industry of Pakistan.
What is the price of Mughal Steel 40 Grade in Pakistan? The price of Mughal Steel 40 Grade is Rs. 272 per Kg for 10 mm bars and Rs. 270 per kg for 12 mm to 25 mm bars.
The process of Mughal Steel uses recycled iron scrap as the main material. The scrap is melted in a furnace to create liquid metal, which is then poured into a continuous casting machine to make high-quality solid blocks without any holes, cracks, or defects on the surface.
The Company is a leading producer of structural steel products in Pakistan, and the capacity of Mughal Steel to melt 384,000 tons of iron and steel each year. They use induction furnaces to feed the molten iron and steel into re-rolling mills, which are capable of processing up to 675,000 tons of the liquid metal. This allows the company to efficiently transform the molten material into various steel products for different applications. They are known for their expertise in the industry and their ability to handle large quantities of iron and steel to meet the market demand in Pakistan.