25
Aug
01:00
PSM could claim back $48m loss from gas supply disruption
Pakistan Steel Mills (PSM) says it reserves the right to claim for the loss of PKR 4-5 billion ($38.5-48.1 million) incurred from the complete stoppage of production owing to no gas supply since 10 June.
PSM’s failure to pay energy bills led to Sui Southern Gas Company Limited (SSGC) reducing gas supply in June (see Kallanish 27 June). The firm’s blast furnaces, coke ovens and power plant boilers are at “… high risk of damage which w…
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