Beco Steel Responds to Share Price Movement

Beco Steel stated on Thursday that it was unaware of any specific factors contributing to the unusual fluctuations observed in the company’s share price recently.

In a notification issued to the Pakistan Stock Exchange (PSX), the company affirmed, “The Company acknowledges its responsibilities and the stipulations for disseminating significant information. It will ensure adherence to these requirements as and when necessary.”

Beco Steel Limited (BECO), previously known as Ravi Textile Mills, is a public limited company incorporated in Pakistan.

BECO functions as an integrated steel manufacturer, producing a variety of products from scrap metal to billets and diverse end products, including specialized steel types.