Lahore, July 10, 2025 – Beco Steel Limited (PSX: BECO), a leading steel manufacturer in Pakistan, has successfully exported its first consignment of copper ingots to Hong Kong, China, marking a significant step towards international market expansion and revenue diversification.
In an official notification sent to the Pakistan Stock Exchange (PSX), the company announced that the copper ingots were segregated from remeltable scrap, sourced from its own raw material reserves. This shipment marks a strategic milestone as Beco Steel ventures into the global export business for the first time.
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“While this is an initial shipment, the Company views this as the opening of a promising new avenue for growth and anticipates progressive developments in its export business,” the statement reads.
The export aligns with Beco Steel’s broader vision to diversify its revenue streams and enhance long-term shareholder value. By tapping into international markets—starting with Hong Kong—the company aims to position itself as a key regional exporter in the copper and non-ferrous metals segment.
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The notification was issued in accordance with Section 96 and 131 of the Securities Act, 2015, and Regulation 5.6.1 of the Pakistan Stock Exchange Regulations. The company also assured that it will continue to keep the Exchange informed about any further material developments in this regard.
Key Developments:
- First-ever export shipment by Beco Steel Limited.
- Shipment of Copper Ingots made from remeltable scrap.
- Destination: Hong Kong, China.
- Significant for business growth, diversification, and export expansion.
This milestone demonstrates Beco Steel’s commitment to innovation, sustainability, and economic contribution through foreign exchange earnings. It also signals Pakistan’s industrial sector gaining a stronger foothold in international trade, particularly in processed and recycled metal products.
