Karachi: International Steels Limited (ISL) reported a significant increase in its domestic market share and flat steel demand for the fiscal year 2026, reflecting a 25% year-on-year growth. The company, which now holds 28% of the market, attributes this progress to rising construction activities, despite facing challenges from importers' contracting market share and ongoing Middle Eastern uncertainties affecting steel margins.

According to JS Global, ISL's corporate briefing outlined strategic shifts and financial insights for FY26, noting a reduction in hot-rolled coil (HRC) customs duties to 0% as part of the FY27 budget, while cold-rolled coil (CRC) duties remain unchanged. The briefing highlighted ISL's notable steel processing capabilities, its current reliance on a diverse energy mix, and plans to enhance renewable energy use to reduce costs. Management also addressed the decision to exit Chinoy Engineering & Construction Limited due to regional uncertainties and anticipated export growth in North America, contrasting with a potentially weaker European demand.