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S S Steel Ltd SSSTEEL.DS

SSSTEEL.DS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 01, 2024

Report Source: 2024 1st Quarter Report

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S S Steel Ltd. Stock Analysis SSSTEEL.DS

Bangladesh Materials Nano Cap Report:
S.S. Steel Ltd. engages in the business of manufacturing and selling MS deformed bar of various grades from MS billet and ingot. The firm produces MS Billet and MS Rod from raw material scrap to finished goods and its own brand name SS TIGER. S. S. Steel Limited (SSSTEEL). Its products are for building various national landmarks and infrastructure. The firm has an annual production capacity of approximately 108,000 megatons (MT) of B500/CWR and B400/DWR re-enforcing steel, which facilitates heavy construction in Bangladesh. In the Steel Melting Works unit, the MS Billet is produced from scraps and sponge iron and then rolling this MS billet, the Re-rolling Mills unit produces B500/CWR and B400/DWR MS bars and others. Its products include SS TIGER B500 CWR TMT and SS TIGER B400 DWR/60G. The Company’s manufacturing plant is located in Gazipur, Bangladesh.
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Shariah Compliance Report

An extensive business and financial screening of the company which specifies why a stock is halal or haram!

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