30
Mar
01:00
PSM receives Australian coking coal in bid to reach 77% capacity in April
Pakistan Steel Mills (PSM) has received a 55,000 tonne cargo of coking coal from Australia as it attempts to reach its target of 77% capacity utilisation in April and return to profitability, PSM tells Kallanish.
PSM has procured raw materials to help it boost capacity utilisation from just over 1% in April 2014 to over 50% this month. This is due to the government’s most-recent bailout package of PKR 18.5 billion ($181.8 million). Last week the produc…
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Very good overview of the weekly steel market.
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