Dost Steels Ltd Diversifies Into Construction Materials Supply

Dost Steels Limited has announced a significant shift in its business strategy, expanding beyond steel re-rolling to enter the trading and supply of construction materials as part of a wider realignment of the company’s operations. According to a filing submitted to the Pakistan Stock Exchange, the company has reached an arrangement to act as a primary supplier of construction materials for ZKB, which is one of the country’s largest infrastructure development groups. The move is expected to secure a stable and recurring demand pipeline and give Dost Steels direct participation in major infrastructure projects executed by ZKB across Pakistan. The company noted that the broader business model will support improved integration, operational expansion, and sustainable growth. The announcement follows a period of strategic repositioning for the firm. In June, the steelmaker unveiled plans to raise Rs. 4.45 billion through a rights issue to finance the installation of a new melting furnace and strengthen production capacity. Dost Steels has been operating in Pakistan since its incorporation in March 2004. Its core business includes the production of steel, direct reduced iron, sponge iron, pig iron, hot briquetted iron, and special alloy steel across various grades and sizes.