24
Mar
00:00
PSM receives South African iron ore cargo, on course for 77% output in April
Pakistan Steel Mills (PSM) has received a 55,000 tonne cargo of iron ore from South Africa as it attempts to reach its target of 77% capacity utilisation in April and return to profitability, PSM tells Kallanish. Another ship carrying raw materials is expected to arrive by month-end.
Thanks to the government’s most-recent bailout package of PKR 18.5 billion ($181.8 million), PSM's iron ore inventory has increased to 100,000t, while coking coal…
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Anonymous
Very good overview of the weekly steel market.
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