Metropolitan Steel Corporation Limited: performance and outlook

Business Recorder reported that Metropolitan Steel Corporation Limited (PSX: MSCL) narrowed its losses in the first nine months of the current fiscal year, 9MFY26. Net sales rose 1.37 percent to Rs75.30 million over the period. The net loss shrank 49.60 percent to Rs10.12 million, which equals a loss of Rs0.327 per share compared with Rs0.648 a year earlier.

The improvement came mainly from a sharp fall in the gross loss, which was cut 99.33 percent to Rs0.072 million, as the company drew on inventory from earlier years and raised product prices. Operating loss narrowed 47.66 percent to Rs10.65 million, though finance cost rose 57.58 percent and other income fell 64.17 percent. Administrative expense fell 4 percent after legal and professional charges declined considerably.

The report places the company in a wider slump: full-year 2025 net sales fell 17.74 percent to Rs100.747 million and the net loss stood at Rs12.423 million. Output of high carbon steel wire dropped 29.65 percent to 299 tons in 2025, and no mild steel wire was produced in either year. According to the report, weak demand, cheap imports and limited working capital are expected to keep the company from regaining profitability.