12
Mar
00:00
PSM hits 60% utilisation after power plant repairs, awaits raw materials cargoes
Pakistan Steel Mills (PSM) has achieved 60% capacity utilisation following the repair of its thermal power plant, which is now generating 50MW of electricity, a spokesman for the steelmaker tells Kallanish.
Thanks to the government’s most-recent bailout package of PKR 18.5 billion ($181.8 million) for PSM, the producer has large inventories of coking coal and iron ore, the representative says without revealing tonnages. Moreover, two ships carrying fur…
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Anonymous
Very good overview of the weekly steel market.
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