08
Feb
00:00
PSM requests additional state funding to reach full capacity utilisation
Pakistan Steel Mills (PSM) has requested an additional PKR 13 billion ($128.6 million) in government funding to hike capacity utilisation to 100%. The previous bailout package of PKR 18.5bn is sufficient to help the loss-making steelmaker achieve 77% capacity by April, at which point it will breakeven, Kallanish learns from PSM.
The previous round of state funding has seen PSM reduce its losses by PKR 9bn, and is expected to reduce these by a further PKR 20b…
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Anonymous
Very good overview of the weekly steel market.
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