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Tag Archives: steel

Pakistan Steel Mills — Past and Present

  Pakistan Steel Mills (PSM) is the largest corporate entity owned by the government with production capacity of 5 million tons. Privatization of PSM was initiated under the reign of former prime minister Shaukat Aziz, which was met with controversy. The Supreme Court held the privatization effort as defined process and procedures were not followed. Sale of the country’s largest industrial unit went down the drain whereas the matter was …

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Earthquake resisting steel a must to avert disasters

  The use of below-par steel products appeared to be a major reason behind hundreds of deaths caused by a devastating earthquake that rattled Philippines’s island provinces of Bohol and Cebu on October 15, 2013. At least 222 people were reported killed and over 970 others wounded in the calamity, masterly, because of the collapsed building structures. Karachi too is believed to have gathered all the odds that, someday, may …

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Man of steel: State of Pakistan’s steel sector

  Pakistan Ship Breakers Association (PSBA) welcomed the government’s decision to impose 15% Regulatory Duty (RD) on the import of all steel billets, steel bars and wire rods at a time when the country’s steel industry is trying its survival in the face of international competition. Steel melters, ship breakers and large scale re-rollers had approached the Federal Board of Revenue (FBR), and relevant ministries on the rising difference between …

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Stiff challenge over influx of Chinese steel products

  Upto 30 to 35pc regulatory duty on steel products required to provide level-playing field to local industry While the influx of Chinese steel in the country is hurting the local industry, the widening price difference is also causing surge in imports. Not only the private sector, but the Pakistan Steel Mills (PSM) is also facing a stiff challenge due to Chinese imports. The PSM is finding it very difficult …

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Quality concerns on imported steel billets and bars

  Pakistan has seen a surge in imported steel products including steel billets, bars, wire rods and flat sheets. Approximately 250,000 tons of steel billets, bars and wire rods were imported in 2014, which posted a 40% increase over the quantity imported in 2013. These steel products are being used in critical applications in the country’s infrastructure such as high-rise buildings, bridges, and dams. Since Pakistan occupies a dangerous position …

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Steel, cement sectors set to reap profits under CPEC projects

  Cement and steel remained the dominant industries in developing the sustainable society and a country. Although the related companies to these industries are highly competitive to generate employment, export earnings, tax revenues and innovations but are much concern to health and vitality of human life and nature. Both cement and steel sectors of Pakistan are likely to get a boost from the tremendous construction activity generated through multi-billion dollar …

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CPEC has become a major attraction for domestic as well as foreign investors

  Cement, steel, other industries set to grow The China-Pakistan Economic Corridor (CPEC) has become a major attraction for domestic as well as foreign investors who see this project as catalyst for Pakistan to grow its economy at a pace achieved by leading regional peers. Soon after the launch of the project, some major business groups have already invested in expanding their production capacity of such materials as cement, steel, …

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Full-grown foreign investment environment

  China to set up a large steel factory in Pakistan With improved law and order situation in the country, foreign investors are looking for finding different areas of cooperation to make investment. Currently, Pakistan was providing all necessary facilities to entrepreneurs who were making investments in Pakistan. Pakistan offered great opportunities for investment in its energy generation and infrastructure projects and that was the reason, international investors are looking …

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